True or False: The availability of sales in use is a clear strength of the sales comparison approach.

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The statement that the availability of sales in use is a clear strength of the sales comparison approach is indeed false. The sales comparison approach relies on actual market data, specifically comparable sales, to determine the value of a property. While having a robust set of comparable sales data can enhance the reliability of this method, the concept of "sales in use" can often be problematic.

When considering sales in use, the value derived may not be reflective of the property’s market value because such sales often include additional factors unique to the specific transaction, such as specialized uses or buyer motivations that are not present in other transactions. Furthermore, not all market segments may provide sufficient comparable sales to derive an accurate estimation of value.

Thus, the strength of the sales comparison approach comes more from having multiple comparable sales available rather than from sales in actual use. The ideal scenario for utilizing the sales comparison approach effectively is when recent sales data of comparable properties are readily accessible, which might not always be the case across different market conditions or segments.

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