When appraising a property, which factor is related to its overall marketability?

Transferability is a key factor in appraising a property as it directly relates to the ease with which the property can be sold or conveyed from one owner to another. A property that has good transferability means that it is likely to be marketed effectively and can attract potential buyers without significant hurdles, thus enhancing its overall marketability.

For example, if a property is located in a desirable area with clear titles, no legal restrictions, and is in good condition, it becomes more appealing to potential buyers. This means that the property can be transferred from the seller to the buyer with minimal difficulty, increasing the likelihood of a successful sale. Conversely, properties that face legal challenges, excessive liens, or other complications might have poor transferability, making it difficult to sell.

While utility and value are also important aspects of appraisal, they do not directly address how easily the property can be sold in the market. Utility refers to how useful the property is to potential buyers, and value pertains to the worth of the property based on various criteria. However, without the ability to transfer the property effectively, both utility and value may be of limited significance from a marketability standpoint. Diligence, in this context, refers more to the thoroughness of the appraisal process itself rather