Question

When analyzing the data collected for a competitive market analysis, all of the following statements are most likely true except which?

a. Data on homes that sold over six months ago is less reliable.b. Homes with listing prices that are too high take longer to sell.c. Asking price is a good indicator of selling price.d. Research properties should match the subject property’s characteristics as closely as possible.

Answer 1

The answer is D. Research properties should match the subject property’s characteristics as closely as possible.

Step-by-step explanation:

All the statement in the option of answers are most likely true except D above. In the process of competitive market survey, we make use of SWOT analysis and in the process of performing the SWOT analysis for the purpose of competitive market analysis, it is advised to identify competitors who are into the same business as our while it is most important to base more of our research on competitors who who what we do but planing so much priority on the loop holes of their business because if we tag along with the option D answer, then the purpose of competitive market survey is defeated.