Which of the following is a benefit of a market analysis?

The benefit of a market analysis primarily lies in its ability to assist in determining the pricing strategy for a property. A market analysis involves evaluating comparable properties within the same market to assess their selling prices, features, and overall market conditions. By analyzing this data, sellers and real estate professionals can set competitive and realistic prices for properties, taking into account current market trends and buyer preferences. This strategic approach not only helps in optimizing the sale price but also speeds up the selling process by aligning the property with market expectations, ensuring it attracts potential buyers while maximizing potential returns.

The other options, while relevant to real estate in some contexts, do not specifically pertain to the core function of a market analysis. Identifying potential legal issues, establishing property ownership history, and evaluating the design of a property are important aspects of real estate but are not the primary focus of market analysis. These areas might require different tools and expertise, such as title searches or architectural evaluations, rather than the comparative pricing insights that a market analysis provides.