Which aspect is NOT typically part of data collection in the sales comparison approach?

In the sales comparison approach, data collection focuses primarily on elements that directly impact property valuation. Property characteristics, market trends, and comparable sales data are all critical components in this process.

Property characteristics involve details about the property being appraised, such as its size, condition, location, and any special features. Market trends provide insight into the broader economic conditions affecting real estate values, including supply and demand dynamics, interest rates, and local economic factors. Comparable sales data is essential as it includes information about recently sold properties that are similar to the subject property, serving as a benchmark for setting value.

User preferences, while they may influence buyer behavior and market demand, are not typically a structured part of data collection in the sales comparison approach. This method relies more on empirical data and objective measurements rather than subjective opinions or personal tastes, which can vary widely among different buyers. Hence, user preferences fall outside the standard data collection parameters for this valuation method.