Which of the following should NOT be considered when selecting comparable properties in the sales comparison approach?

When selecting comparable properties in the sales comparison approach, it is essential to focus on aspects that influence the current market value of the properties being appraised. The original purchase price is less relevant because it reflects a past transaction under conditions that may not hold true today. Market dynamics, property improvements, or changes in neighborhood desirability can significantly alter a property’s value from the time it was originally purchased.

In contrast, factors like financing terms, location, and physical attributes such as size, age, and condition are crucial for assessing comparability. These components help ensure that the selected comparables reflect the current market and provide an accurate estimation of value. For instance, properties need to be similar in location to ensure they are affected by the same market influences, and they must be alike in size, age, and condition to accurately translate their sale prices to the subject property. Thus, the original purchase price does not provide relevant insight into current value and should not be considered in the comparability assessment.