Which factor is NOT typically included in a property valuation?

In property valuation, key factors such as recent sales of comparable properties, location and neighborhood characteristics, and current market conditions play essential roles in determining the fair market value of a property. Data from similar sales helps establish a benchmark for pricing, while location can significantly influence demand and property value. Market conditions reflect the dynamics of supply and demand, which also affect pricing strategies.

However, the personal history of the seller is generally not factored into a property valuation. This is because a property’s value should be based on objective data and market-driven indicators rather than personal circumstances. The seller’s motivations, prior ownership experiences, or financial history do not have a direct bearing on the intrinsic value of the property itself. Instead, appraisers focus on quantifiable aspects, ensuring the valuation process reflects market realities rather than subjective factors.