What must an appraiser analyze when provided with a known, current agreement of sale for a property?

When an appraiser evaluates a known, current agreement of sale for a property, the appraisal must analyze the specifics of that transaction as part of determining the property's market value. This involves examining the terms of the agreement, including the sale price, contingencies, and any unique conditions that may influence the property's value. Analyzing the agreement allows the appraiser to assess how the transaction compares to similar properties and to understand the broader market dynamics at play.

Additionally, the appraisal process aims to ensure that the sale reflects fair market conditions and that the sale price is supported by relevant data and trends. The inclusion of this analysis directly informs the final valuation conclusion, ensuring that it is based on the most current and relevant market data available. Thus, focusing specifically on the sales agreement itself as part of the appraisal process is fundamental to accurate property valuation.