What is the focus of marketability analysis?

The focus of marketability analysis is to investigate how a property will be absorbed under market conditions. This type of analysis assesses the demand for a property in the current market, considering factors such as location, property type, pricing trends, and economic conditions. By understanding how quickly and efficiently a property can be sold or leased, appraisers and investors can make informed decisions regarding pricing strategies and the viability of a property in the marketplace. This analysis is critical for determining a property's potential for generating income or appreciation in value.

The other options mentioned do not align with the primary goal of marketability analysis. For instance, valuing the historical significance of a property focuses on its past and cultural value rather than its current market conditions. Estimating renovation costs pertains to the financial investment required to improve a property, while surveying physical attributes involves evaluating the property’s characteristics but does not inherently address market demand or absorption rates.