Which of the following elements is generally NOT considered in the sales comparison approach?

In the sales comparison approach, the goal is to determine a property's value based on the sale prices of similar properties in the area. This method focuses on various elements that directly impact a property's marketability and value.

Tax assessments are generally NOT considered in the sales comparison approach because they reflect the local government's valuation of property for taxation purposes, which may not align with current market values. They are typically based on different criteria and methodologies that do not capture the nuances of market dynamics or the condition of individual properties. Additionally, tax assessments can be outdated and do not necessarily reflect what buyers are willing to pay in the current real estate market.

In contrast, other elements like the appraiser's opinion of value, financing terms of sold properties, and the location of the subject property are critical considerations. The appraiser's opinion offers a professional judgment based on data analysis, while financing terms can affect sale prices and buyer behavior. The location dramatically influences property value, making it a fundamental aspect of the sales comparison approach.