84. In preparing for a listing presentation for a newly constructed home, an agent needs to know all but which one of the following on comparable homes?
Answer: C
An agent needs to know the assessor's value on comparable homes.
An agent preparing for a listing presentation for a newly constructed home should be informed about various factors regarding comparable homes, but the assessor's value is not as critical as the other options.
A) date of most recent sale
Knowing the date of the most recent sale is important because it helps the agent understand current market trends and how recently comparable homes have been sold, allowing for more accurate pricing strategies.
B) sale price
The sale price of comparable homes is essential as it directly impacts the pricing strategy for the new listing. It provides a benchmark for what buyers are willing to pay in the current market.
C) assessor's value
The assessor's value is not as directly relevant to the pricing strategy as the other factors listed. While it provides some information about property taxes and local government assessments, it does not reflect the current market conditions or buyer demand.
D) square footage
Square footage is a critical factor in assessing comparable homes since it directly influences the value and livability of the property. It allows the agent to compare the size and layout of homes accurately.
Conclusion
In summary, the assessor's value is less pertinent to determining the listing price of a newly constructed home compared to the sale price, date of most recent sale, and square footage of comparable homes. These other factors provide a more accurate representation of market dynamics and buyer preferences, making them essential for the agent's preparations.