In which situation is a comparative analysis particularly useful for a seller?

A comparative analysis is particularly useful for a seller when determining a competitive sales price. This analysis involves evaluating recent sales of similar properties in the same area to understand the current market trends and pricing. By comparing these properties, a seller can set a realistic and competitive price based on what buyers are willing to pay for similar homes.

Setting an appropriate sales price is crucial, as pricing too high may deter potential buyers, while pricing too low can result in financial loss. The comparative analysis provides invaluable data and insights into the local real estate market, helping sellers to attract buyers and achieve a successful sale.

In contrast, selecting a real estate agent, negotiating closing costs, or refinancing the mortgage do not directly involve establishing a property's competitive market price. While these situations are significant in the overall process of selling real estate, they rely on different types of information and strategies rather than a straightforward market comparison for pricing purposes.