Property Valuation
In Michigan, which of the following would NOT be considered a comparable sale for appraisal purposes?
AA sale with similar square footage and lot size
BA forced sale due to foreclosure at significantly below-market price✓ Correct
CA recent arm's-length sale in the same neighborhood
DA sale with similar amenities within 6 months
Explanation
Foreclosure sales and other non-arm's-length transactions are generally not appropriate comparable sales because they do not represent a willing buyer and seller in an open market.
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