Which of the following factors does NOT typically influence property value?

The time of purchase is typically not a direct influence on the inherent value of the property itself. While the market can fluctuate and conditions at the time of purchase might impact the buyer's decision-making process and the market dynamics, the actual value of the property is determined by its underlying characteristics such as location, potential future benefits, and size.

Location is one of the most critical factors affecting property value, as it encompasses aspects such as neighborhood quality, access to amenities, and desirability. The potential future benefits, like anticipated developments or economic growth in the area, also play a significant role in influencing how much buyers are willing to pay for a property. Similarly, the size of the property can impact its usefulness, livability, and ultimately, its value in the real estate market.

Therefore, while the timing of a purchase can significantly affect the buyer’s experience or investment strategy, it does not change the fundamental characteristics that determine the property's worth.