WEIGHTED SALES APPROACH
|
|
|
- Derick Matthews
- 5 years ago
- Views:
Transcription
1 WEIGHTED SALES APPROACH Data Information for Workfile File# Parent Folder: 2015 Folder" Oak Hills Notes: Weighted Percentage From the Sales Comparison Analysis, score the Comparables. Score: 1 thru 5 (5 being most similar) Comparable Sales #1 #2 #3 #4 #5 #6 Totals: Date of Sale 0 Location 0 From the Sales Comparion Analysis, grade Site each comparable sale compared to the View 0 subject. Example: If Comparable 1 is Design/Appeal 0 slightly older, '4' might be input for age. Quality of Constr 0 Age 0 Condition Bedroom Count 0 Hint: If there are no differences on a certain Bathroom Count 0 item between the subject and comparables, Square Footage there is no need to grade them. Room Below Grade 0 Functional Utility 0 Example: If all comparables have similar Heating/Cooling 0 Heating and Air, there is no need to grade them. Energy Efficient Items 0 Garage/Carport 0 If one comparable is dissimilar to the subject, Porch/Patio grade each sale compared to the subject. Fireplace/Fence 0 Pool 0 Other 0 TOTALS: Totals Weighted Percentage 38.64% 29.55% 31.82% 0.00% 0.00% 0.00% Adjusted Sale Price $265,482 $259,174 $279,295 Enter the "Adjusted Sale Price of Comparables" from (from URAR) the 1004, 2055, etc. here. Weighted Value $102,573 $76,574 $88,867 $0 $0 $0 Value Conclusion: $268,013
2 Weighted by # of Adjustments Sale #1 Sale #2 Sale #3 Sale #4 Sale #5 Sale #6 Sale Price $272,632 $242,999 $280,000 $290,000 $275,000 $276,000 Enter the Sale Price and Concessions for the Less Concessions $0 $0 $0 $0 $0 $2,000 Comparable Sales used on the 1004, 2055, etc. Net Sale Price $272,632 $242,999 $280,000 $290,000 $275,000 $274,000 # of adjustments '# of adjustments': Go to your appraisal report. In the Factor - SP divided by # Sales Comparison Grid, what were the total number of x Adjusted Sale Price $265,482 $259,174 $279,295 $0 $0 $0 adjustments made (count the number of times you Weighted Values made an adjustment) to the comparable sales below the 'Concessions' line? Enter that number here. Total of Weighted Values divided by Factor Total 290 Value Conclusion: $268,602 Weighted by Net Dollars Sale #1 Sale #2 Sale #3 Sale #4 Sale #5 Sale #6 Sale Price $272,632 $242,999 $280,000 $290,000 $275,000 $276,000 Enter the Sale Price and Concessions for the Net Dollars Adjusted $7,150 $16,175 $705 Comparable Sales used on the 1004, 2055, etc. Factor - SP divided by # x Adjusted Sale Price $265,482 $259,174 $279,295 $0 $0 $0 'Net Dollars Adjusted': Go to your appraisal report. In the Weighted Values Sales Comparison Grid, what is the total Net dollars adjusted Enter that number here. Total of Weighted Values divided by Factor Total 450 Value Conclusion: $277,454 Weighted by Gross Dollars Sale #1 Sale #2 Sale #3 Sale #4 Sale #5 Sale #6 Sale Price $272,632 $242,999 $280,000 $290,000 $275,000 $276,000 Enter the Sale Price and Concessions for the Gross Dollars Adjusted $7,150 $16,175 $19,295 Comparable Sales used on the 1004, 2055, etc. Factor - SP divided by # x Adjusted Sale Price $265,482 $259,174 $279,295 $0 $0 $0 'Gross Dollars Adjusted': Go to your appraisal report. In the Weighted Values Sales Comparison Grid, what is the total Gross dollars adjusted Gross dollars are all adjustments added together regardless of Total of Weighted Values plus (+) or minus ( ) signs. Enter that number here. divided by Factor Total Value Conclusion: $267,044
3 Absolute Deviation $7,541 Sale #1 Sale #2 Sale #3 Sale #4 Sale #5 Sale #6 Mean Adjusted Sale Price $265,482 $259,174 $279,295 $0 $0 $0 $267,984 Mean $267,984 $267,984 $267,984 $267,984 $267,984 $267,984 Absolute Deviation Differences from the Mean $2,502 $8,810 $11,311 $0 $0 $0 $7,541 Calculate Absolute Deviation: Adjusted Sale Prices less Mean $267,984 $267,984 their average. The average of the difference is Absolute Deviation $7,541 $7,541 added and subtracted to the Average to provide Probable Forecast Low $260,443 High $275,525 a range. Standard Deviation $10,291 Differences from the Mean $2,502 $8,810 $11,311 $0 $0 $0 Average of Squares 1 Differences Squared $6,258,336 $77,610,227 $127,946,262 $0 $0 $0 $105,907,412 Calculate Standard Deviation: Take the square Mean $267,984 $267,984 root of the Average Squares less 1. Standard Deviation $10,291 $10,291 Example: if there are 5 sales, divide total by 4. Probable Forecast Low $257,693 High $278,275
4 RANKING ANALYSIS Enter "SIM", "SUP", or "INF" for line items with dissimilarities Comparable Sales #1 #2 #3 #4 #5 #6 Date of Sale From the Sales Comparion Analysis, rank Location each comparable sale compared to the Site INF INF SUP subject. View SIM SUP SUP Example: If Comparable 1 is has similar square Design/Appeal footage, rank it SIM. If Comparable 2 has a larger Quality of Constr squarte footage, rank it SUP. If Comparable 3 has Age a smaller square footage, rank it INF. Condition SIM INF INF Bedroom Count SIM SIM SUP Hint: If there are no differences on a certain Bathroom Count SIM SIM SIM item between the subject and comparables, Square Footage SUP INF INF there is no need to rank them. Room Below Grade Functional Utility If one comparable is dissimilar to the subject, Heating/Cooling rank each sale compared to the subject. Energy Efficient Items Garage/Carport Porch/Patio SIM INF SIM Fireplace/Fence Pool Other Superior Similar Inferior SIM/SUP/INF Sale Price RANKING: Sale #1 SIM $272,632 1 Sale #2 INF $242,999 3 Sale #3 SUP $280,000 2 Sale #4 $290,000 Sale #5 $275,000 Sale #6 $276,000 Ranking Reconcile: $273,000 RELATIVE Rating: Price per SF COMPARISON: SIM INF SUP Subject GLA Price per SF Conclusions: 1852 $ $268,540 Realative Comparison: $268,500
5 Value Opinion by Weighted Percentage: $268,013 Value Opinion by # of Adjustments: $268,602 Value Opinion by Net Adjustments: $277,454 Value Opinion by Gross Adjustments: $267,044 Value Opinion by Absolute Deviation: $260,443 $275,525 Value Opinion by Standard Deviation: $257,693 $278,275 Value Opinion by Ranking Analysis: $273,000 Value Opinion by Relative Comparison: $268,500 RECONCILE: $268,000
6 WEIGHTED VALUE DETERMINATION Data Information for Workfile File# (ENTER THE RECONCILED VALUES FROM THE 3 APPROACHES) COST APPROACH $270,921 SALES COMPARISON ANALYSIS $268,000 INCOME APPROACH APPLICABILITY/ QUALITY QUANTITY RELEVANCE COST APPROACH 2 2 x 5 20 SALES COMPARISON ANALYSIS 5 5 x 5 50 INCOME APPROACH x 0 70 WEIGHT GIVEN (%) $ VALUE COST APPROACH 28.57% $77,406 SALES COMPARISON ANALYSIS 71.43% $191,429 INCOME APPROACH 0.00% $0 DOLLAR VALUE OF SUBJECT $268,835 RECONCILED VALUE: $268,000
Math Relating to Real Property Appraisals
1. Sales Comparison Approach Math Relating to Real Property Appraisals A. If the comparable property is superior in a feature, you subtract value from the comparable. Example: Comp #l has a 1-car garage
Appraisal Review: Analyzing the 1004
Appraisal Review: Analyzing the 1004 1 LIVE ONLINE PARTICIPANT GUIDE Version: 8.12 Table of Contents The Purpose of the Appraisal... 3 Define Market Value... 3 Scenario 1 (John Johnson report) - 1004 Uniform
Mike Dalton Jr. and Associates. Christina Adams INVOICE NUMBER Mike Dalton Jr. and Associates 8191 Wethersfield Drive. PB125 Germantown, TN 38138
Mike Dalton Jr. and Associates FROM: INVOICE Christina Adams INVOICE NUMBER Mike Dalton Jr. and Associates 8191 Wethersfield Drive Germantown, TN 38138 DATE 08/14/2016 Telephone Number: (901) 674-0239
APPRAISAL REQUIREMENTS FOR SUNTENDER VALUATIONS, INC. Updated 03/26/2018
APPRAISAL REQUIREMENTS FOR SUNTENDER VALUATIONS, INC. Updated 03/26/2018 STOP Call Suntender Valuations if subject is a refinance transaction however it has been listed for sale in the past 3 months, unless
concepts and techniques
concepts and techniques S a m p l e Timed Outline Topic Area DAY 1 Reference(s) Learning Objective The student will learn Teaching Method Time Segment (Minutes) Chapter 1: Introduction to Sales Comparison
Uniform Residential Appraisal Report (URAR) Model Appraisal
Basic Appraisal Procedures Residential Applications & Model Appraisals 15-13 Uniform Residential Appraisal Report (URAR) Model Appraisal On the following pages are examples of a completed Fannie Mae/Freddie
1. There must be a useful number of qualified transactions to infer from. 2. The circumstances surrounded each transaction should be known.
Direct Comparison Approach The Direct Comparison Approach is based on the premise of the "Principle of Substitution" which implies that a rational investor or purchaser will pay no more for a particular
As Of: Prepared For: Prepared By:
of 216 SW 131st St As Of: 06/11/11 Prepared For: Prime Pacific Bank 2502 196th St SW Lynnwood WA 98036 Prepared By: Cynthia A. Nagle, CREA 922 N Cedar St Tacoma, WA 98406 RESTRICTED APPRAISAL REPORT Restriction
A Demonstration Appraisal Report. Of a. Located at. Date of Appraisal. Prepared for. Prepared by
A Demonstration Appraisal Report Of a Located at Date of Appraisal Prepared for Prepared by International Association of Assessing Officers Professional Designation Subcommittee 314 W. 10 th Street Kansas
The purpose of the appraisal was to determine the value of this six that is located in the Town of St. Mary s.
The purpose of the appraisal was to determine the value of this six that is located in the Town of St. Mary s. The subject property was originally acquired by Michael and Bonnie Etta Mattiussi in August
To all Appraisers: Brief Overview:
To all Appraisers: As the appraisal industry continues to change, the demand for alternative valuation solutions grows. That is why is excited to announce the addition of a new product - the Desktop Appraisal
Rockwall CAD. Basics of. Appraising Property. For. Property Taxation
Rockwall CAD Basics of Appraising Property For Property Taxation ROCKWALL CENTRAL APPRAISAL DISTRICT 841 Justin Rd. Rockwall, Texas 75087 972-771-2034 Fax 972-771-6871 Introduction Rockwall Central Appraisal
Demonstration Properties for the TAUREAN Residential Valuation System
Demonstration Properties for the TAUREAN Residential Valuation System Taurean has provided a set of four sample subject properties to demonstrate many of the valuation system s features and capabilities.
Broker. Sales Comparison, Cost Depreciation and Income Approaches. Chapter 7. Copyright Gold Coast Schools 1
Broker Chapter 7 Sales Comparison, Cost Depreciation and Income Approaches 1 Learning Objectives Describe the assumptions underlying the sales comparison approach Calculate the various adjustments necessary
Sales Associate Course
Sales Associate Course Chapter Sixteen Appraisal 1 2 Appraiser Specific amount Impartial (non biased) Defendable Estimate (Opinion) of value Fee based on time and difficulty Must follow Uniform Standards
A Demonstration Appraisal Report. Of a. Located at. Date of Appraisal. Prepared for. Prepared by
A Demonstration Appraisal Report Of a Located at Date of Appraisal Prepared for Prepared by International Association of Assessing Officers Professional Designation Subcommittee 314 West 10 th Street Kansas
PREPARING FOR THE MINNESOTA INCOME PROPERTY CASE STUDY EXAM WORKSHOP
PREPARING FOR THE MINNESOTA INCOME PROPERTY CASE STUDY EXAM WORKSHOP Date: September 18, 2018 Location: Country Inn & Suites Chanhassen, MN Instructor: Bob Wilson, CAE, ASA Revised October, 2017 PREPARING
Chapter 35. The Appraiser's Sales Comparison Approach INTRODUCTION
Chapter 35 The Appraiser's Sales Comparison Approach INTRODUCTION The most commonly used appraisal technique is the sales comparison approach. The fundamental concept underlying this approach is that market
procedures Basic Appraisal F i n a l Examination #2 2 nd edition
F i n a l Examination #2 A n s w e r Key Page 82 1. When determining effective gross income from potential gross income, an appraiser considers a. debt service. b. depreciation. c. fixed expenses. d. vacancy
Chapter 8 Qualifying Property
The 3 "Cs" of Lending Capacity to Pay does the borrower make enough money to repay loan? lenders use qualifying ratios Creditworthiness [Character] is the borrower likely to repay loan on time? lenders
UNIFORM APPRAISAL DATASET (UAD) FHA SPOTLIGHT - SELECTION AND VERIFICATION OF COMPARABLE SALES
Spring 2011 Issue 3 FHA APPRAISER In This Issue: Welcome to the third issue of the Federal Housing Administration Appraiser Roster Newsletter. We hope you will find it informative. Uniform Appraisal Dataset
86 years in the making Caspar G Haas 1922 Sales Prices as a Basis for Estimating Farmland Value
2 Our Journey Begins 86 years in the making Caspar G Haas 1922 Sales Prices as a Basis for Estimating Farmland Value Starting at the beginning. Mass Appraisal and Single Property Appraisal Appraisal
CASE 0:11-cv MJD -FLN Document Filed 08/24/11 Page 1 of 19 APPRAISAL OF REAL PROPERTY
CASE 0:11-cv-00574-MJD -FLN Document 163-3 Filed 08/4/11 Page 1 of 19 Page # of 0 APPRAISAL OF REAL PROPERTY LOCATED AT: 743 Golf Dr Lot 1, Golf Estates Ph. Mission, Tx FOR: AS OF: July 13, 011 BY: Christopher
DEMO ITEM SUBJECT COMPARABLE SOLD # 1 COMPARABLE SOLD # 2 COMPARABLE SOLD # 3
Residential Broker Price Opinion FHA CASE #: ASSIGNED LLB: PROPERTY ADDRESS: I. GENERAL MARKET CONDITIONS II. Current market condition: Depressed Slow Stable Improving Excellent Employment conditions:
GENERAL ASSESSMENT DEFINITIONS
21st Century Appraisals, Inc. GENERAL ASSESSMENT DEFINITIONS Ad Valorem tax. A tax levied in proportion to the value of the thing(s) being taxed. Exclusive of exemptions, use-value assessment laws, and
Licensing Education STUDY GUIDE. The Manitoba Real Estate Association
Licensing Education STUDY GUIDE The Manitoba Real Estate Association NOTE: This Study Guide replaces the Assignment Booklet referred to in the Appraisal workbook. It does not have to be returned to the
APPRAISAL OF REAL PROPERTY LOCATED AT: FOR: AS OF: BY:
APPRAISAL OF REAL PROPERTY LOCATED AT: 489 MEADOWS EDGE COURT DEED BOOK 2896, PAGE 2759 CLEMMONS, NC 27012 FOR: ESTATE OF WILLIAM C. McINTOSH % BAILEY & THOMAS P.O. BOX 52 WINSTON-SALEM, NC 27102 AS OF:
Residential Property Value Procedures: How to calculate a value
2500 Handley Ederville Road Fort Worth, TX 76118 (817) 284 3925 res@tad.org Residential Property Value Procedures: How to calculate a value Mass Appraisal: The Residential Department is responsible for
EMPLOYEE RELOCATION COUNCIL SUMMARY APPRAISAL REPORT
EMPLOYEE RELOCATION COUNCIL SUMMARY APPRAISAL REPORT Client: Client File #: Client Address: Suite #: Homeowner: Subject Property Address: County: Appraiser Company Name: TOMAINO APPRAISAL Appraiser File
Appraisal Stream Restricted Use Residential Appraisal Report
Appraisal Stream Restricted Use Residential Appraisal Report File No. 769kemplin This report is limited to the sole and exclusive use of the client. The appraiser's opinions and conclusions set forth in
Kathy Coon, SRA Appraisal Review: CSI Style ( )
Appraisal Review: CSI Style Southern California Chapter Appraisal Institute July 16, 2009 Kathy Coon, SRA Chief Appraiser/Director-Appraisal Appraisal Quality Control FNC, Inc. www.fncinc.com com When
Use of Comparables. Claims Prevention Bulletin [CP-17-E] March 1996
![Use of Comparables. Claims Prevention Bulletin [CP-17-E] March 1996](/thumbs/82/87011536.jpg "Use of Comparables. Claims Prevention Bulletin [CP-17-E] March 1996")
March 1996 The use of comparables arises almost daily for all appraisers. especially those engaged in residential practice, where appraisals are being prepared for mortgage underwriting purposes. That
Classroom Procedures Introduction to the Course
Course Schedule SECTION 1. (Day 1 Morning) Overview Registration Introduction Part 1. The Valuation Process Classroom Procedures Introduction to the Course Introduction to the Valuation Process Step 1:
2011 ASSESSMENT RATIO REPORT
2011 Ratio Report SECTION I OVERVIEW 2011 ASSESSMENT RATIO REPORT The Department of Assessments and Taxation appraises real property for the purposes of property taxation. Properties are valued using
How to Determine the Value of a Storage Property from Financial Reports. Presented by: Joe Linsalata
How to Determine the Value of a Storage Property from Financial Reports Presented by: Joe Linsalata Building your Proforma Use an Excel spreadsheet or an equivalent Always use formulas, stay away from
Appraisal Underwriting. Review of The Sales Comparison Approach October 2015
Appraisal Underwriting Review of October 2015 Genworth Mortgage Insurance Corporation 2015 Genworth Financial, Inc. All rights reserved. Session Overview Participants will learn about analyzing the Uniform
REDSTONE from Bradford Technologies
REDSTONE from Bradford Technologies New Redstone to ClickFORMS Data Transfer Redstone Market Area Summary Sales Comparable Selection Market Adjustment Factors Market Trends Market Characteristics 004MC
Weekly Market Activity Report
Weekly Market Report A RESEARCH TOOL FROM THE MINNEAPOLIS AREA ASSOCIATION OF REALTORS BROUGHT TO YOU BY THE UNIQUE DATA-SHARING TRADITIONS OF THE REALTOR COMMUNITY For Week Ending June 30, 2018 Publish
SAMPLE CASE STUDY. Beaver Bay Office Building
SAMPLE CASE STUDY Beaver Bay Office Building Marks PURPOSE: Find the current market value of the subject property. DATE OF APPRAISAL: July 1, 2013 SPECIFIC INSTRUCTIONS 10 1. Estimate the market rent of
Chapter 5 Fee Appraiser Responsibilities
Chapter 5 Fee Appraiser Responsibilities The fee appraiser is responsible for all aspects of the appraisal process. Important: Certain key appraisal functions may not be delegated to anyone else. Failure
Dear Valuation Professional
Dear Valuation Professional First American Mortgage Solutions LLC has a new product offering that we would like you to consider adding to your list of services with us - (Property Assessment Collateral
10454 South Green Bay Avenue Chicago, IL Client and Order Detail. Subject Property Information
Client and Order Detail Client: Address: 10454 South Green Bay Avenue Client Loan Number: C/S/Z: Order Number: 0290016663 County: Cook Inspection Type: BPO-Interior BPO Agent: Lopez, Leo Mortgagor's Name:
Real Estate Appraisal
Market Value Chapter 17 Real Estate Appraisal This presentation includes materials from Ling and Archer, 4 th edition, Real Estate Principles The highest price a property will bring if: Payment is made
Table of Contents 2013 Commercial Revaluation Report
Table of Contents Commercial Revaluation Report 1. Commercial & Industrial Valuation Summary Introduction Uniform Standards Approaches to Value Land Valuation Land to Building Ratios Parking to Building
Initial sales ratio to determine the current overall level of value. Number of sales vacant and improved, by neighborhood.
Introduction The International Association of Assessing Officers (IAAO) defines the market approach: In its broadest use, it might denote any valuation procedure intended to produce an estimate of market
How to Use the After Repaired Value Calculator
How to Use the After Repaired Value Calculator The After Repaired Calculator is a single Excel spreadsheet that is designed to allow you to estimate value using one of the same methods that appraisers
FOR SALE $2,249,000 DAVIE MEDICAL OFFICE BUILDING 7705 DAVIE ROAD EXT. DAVIE, FL 33024
FOR SALE $2,249,000 DAVIE MEDICAL OFFICE BUILDING 7705 DAVIE ROAD EXT. DAVIE, FL 33024 11,979 Sq. Ft. Building Lot size 0.70 AC Zoning: B-2 Built in 1975 Property Type: Medical Office Six Apartments Units
Return on Investment Model
THOMAS JEFFERSON PLANNING DISTRICT COMMISSION Return on Investment Model Last Updated 7/11/2013 The Thomas Jefferson Planning District Commission developed a Return on Investment model that calculates
EXTERIOR APPRAISAL OF A TWO FAMILY HOUSE
Form GA1V - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE EXTERIOR APPRAISAL OF A TWO FAMILY HOUSE LOCATED AT -6118 Volume 8558 page 216 FOR William W. Ward, Esq 1318 Bedford St Stamford,
Table of Contents 2015 Commercial Revaluation Report
Table of Contents 05 Commercial Revaluation Report 05 Commercial & Industrial Valuation Summary Introduction Uniform Standards Approaches to Value Land Valuation Land to Building Ratios Parking to Building
APPRAISAL OF REAL PROPERTY
Home Appraisals, Inc. (866) 533-7173 APPRAISAL OF REAL PROPERTY File # LOCATED AT Field Review Form Sample FOR OPINION OF VALUE 35, AS OF 11/1/7 TABLE OF CONTENTS One-Unit Field Review... 1 General Text
Hasson Appraisal Service, Inc. APPRAISAL OF. A Single Family Residence LOCATED AT: th Ave E. Seattle, WA CLIENT:
Hasson Appraisal Service, Inc. Rigos - SFR File No. 170202-B APPRAISAL OF A Single Family Residence LOCATED AT: 1504 37th Ave E Seattle, WA 98112 CLIENT: Jim Rigos 1450 37th Ave E Seattle, WA 98112 AS
PROBLEM SOLVING IN RESIDENTIAL REAL ESTATE APPRAISING
PROBLEM SOLVING IN RESIDENTIAL REAL ESTATE APPRAISING Copyright 2000 by LEE & GRANT COMPANY, Atlanta, Georgia. All rights reserved, including the right to reproduce this book or portions of this book in
Basic Appraisal Procedures
Hondros Learning Basic Appraisal Procedures Timed Outline Topic Area Reference(s) Learning Objectives The student will be able to identify and/or apply: Teaching Method Time Segment (Minutes) Day 1 Chapter
2. Is the information in the contract section complete and accurate? Yes No Not Applicable If Yes, provide a brief summary.
The purpose of this appraisal field review report is to provide the lender/client with an opinion on the accuracy of the appraisal report under review. Property Address City State Zip Code Borrower Owner
RESIDENTIAL APPRAISAL SUMMARY REPORT
APPRAISAL SUMMARY REPORT SUBJECT ASSIGNMENT SALES COMPARISON APPROACH Lic #: 4800004017 Page #1 File No.: : City: Rye State: NY Zip Code: County: WESTCHESTER Legal Description: Assessor's Parcel #: (SUMMARY
LETTER OF TRANSMITTAL
Bradford Technologies, Inc CVR Specialist 302 Piercy Rd San Jose, CA 95138 LETTER OF TRANSMITTAL To: Strong Dollar Reserves 1-122 Wall Street New York, NY 10043 Re: File Number: Client Ref: 00018210 In
The Honorable Larry Hogan And The General Assembly of Maryland
2015 Ratio Report The Honorable Larry Hogan And The General Assembly of Maryland As required by Section 2-202 of the Tax-Property Article of the Annotated Code of Maryland, I am pleased to submit the Department
RESIDENTIAL APPRAISAL SUMMARY REPORT
APPRAISAL SUMMARY REPORT SUBJECT ASSIGNMENT SALES COMPARISON APPROACH Lic #: 80000019 Page #1 File No.: : City: WHITE PLAINS State: NY Zip Code: County: WESTCHESTER Legal Description: Assessor's Parcel
Residential Sales Comparison & Income Approaches: concepts and techniques Answer key (updated )
Residential Sales Comparison & Income Approaches: concepts and techniques Answer key (updated 02.10.12) CHAPTER 1 Chapter 1 Case Study Who is the Client? The client is the mortgage banker with which the
IREDELL COUNTY 2015 APPRAISAL MANUAL
STATISTICS AND THE APPRAISAL PROCESS INTRODUCTION Statistics offer a way for the appraiser to qualify many of the heretofore qualitative decisions which he has been forced to use in assigning values. In
absorption rate ad valorem appraisal broker price opinion capital gain
absorption rate The estimated time required to sell or lease property within a designated area at its fair market value. ad valorem Real estate taxes imposed on property based on its assessed value. appraisal
April 12, The Honorable Martin O Malley And The General Assembly of Maryland
April 12, 2011 The Honorable Martin O Malley And The General Assembly of Maryland As required by Section 2-202 of the Tax-Property Article of the Annotated Code of Maryland, I am pleased to submit the
LESSON NO. 8. The Direct Comparison Approach Part I
LESSON NO. 8 The Direct Comparison Approach Part I Assigned Reading 1. Appraisal Institute of Canada & Appraisal Institute (US). 2002. The Appraisal of Real Estate (2 nd Canadian Edition). Vancouver: UBC
BPOSG BROKER PRICE OPINION. Guidelines. Version 3.1 May 20, BSB BPO Standards Board
BPOSG BROKER PRICE OPINION Standards & Version 3.1 May 20, 2009 BSB BPO Standards Board BSB BPO Standards Board 6619 North Scottsdale Road Scottsdale, Arizona 85250 Standards and : BPOSG is a compilation
Trevor R. Ellis, CPG, CMA, CGA, FAusIMM
Sales Comparison Valuation of Development and Operating Stage Mineral Properties Trevor R. Ellis, CPG, CMA, CGA, FAusIMM 2001-2008 Chairman, Extractive Industries Task Force International Valuation Standards
Future Land Use Allocation Model (FLUAM) Methodology
Future Land Use Allocation Model (FLUAM) Methodology For: Lake/Sumter MPO By: Data Transfer Solutions (DTS) 3680 Avalon Park Blvd E, Suite 200 Orlando, FL 32828 Phone: 407-382 382-5222 Fax: 407-382 382-5420
The Three Approaches to Value
Chapter 6 The Three Approaches to Value The appraiser considers three approaches to develop indications of value. These are: Cost approach; Sales comparison (market) approach; and Income approach. All
Broker Price Opinion
Broker Price Opinion + Exterior Inspection Interior Inspection Property Address: 15631 S. Tarrant Ave Vendor ID: 4557523 City, State, Zip: Deal Name: Loan Number: 15631STARRANTAVE Inspection Date: 6/06/2018
APPRAISAL OF LOCATED AT:
APPRAISAL OF LOCATED AT: 5905 S County Road K South Range, WI 54874 February 18, 2015 In accordance with your request, I have appraised the real property at: 5905 S County Road K South Range, WI 54874
AVM Validation. Evaluating AVM performance
AVM Validation Evaluating AVM performance The responsible use of Automated Valuation Models in any application begins with a thorough understanding of the models performance in absolute and relative terms.
UNDERSTANDING HOW USPAP APPLIES TO REAL PROPERTY APPRAISAL PRACTICE USPAP Matrix
UNDERSTANDING HOW USPAP APPLIES TO REAL PROPERTY APPRAISAL PRACTICE - 2014-2015 USPAP Matrix This matrix assumes an Appraisal Report Format under S. R. 2-2(a). *Last updated 9/11/14* GENERAL Violation
Comparison Chart Explanation
Comparison Chart Explanation The goal of the chart is to compare each property to see what each property s value or sales price would have been if the 3 comparisons were identical to the property you are
APPRAISAL REPORT OF THE REAL PROPERTY LOCATED AT. Enterprise Rd Dillon, SC Ronnie Gardner. March 1, 2018
APPRAISAL REPORT OF THE REAL PROPERTY LOCATED AT Dillon, SC 29536 for as of March 1, 2018 by David McLaurin 105 West Harrison Street Dillon, SC 29536 IDENTIFICATION NEIGHBORHOOD SITE MARKET DATA ANALYSIS
The TAUREAN Residential Valuation System An Overview
The TAUREAN Residential Valuation System An Overview By Michael L. Robbins, Ph.D., CRE Taurean Residential Valuation Services, LLC 150 N. Sunny Slope Road, Suite 225, Brookfield, WI 53005 Phone: (262)
LAND APPRAISAL REPORT
IDENTIFICATION LAND APPRAISAL REPORT Page #1 File No. Borrower None Census Tract * Map Reference 462820011000315 Property Address NWC Gaar and Pleasant View Roads City Richmond County Wayne State IN Zip
The My Listings to Expire report allows you to forecast which of your listings will expire in a time period specified.
Statistics Statistics is the segment of the program where you can run numerous types of reports regarding your personal sales data, data for your office or company, or for MLS as a whole. The Statistics
DIRECTIVE # This Directive Supersedes Directive # and #92-003
Division Of Property Valuation Docking State Office Building 915 SW Harrison St., Room 400N Topeka, KS 66612-1588 Nick Jordan, Secretary David N. Harper, Director phone: 785-296-2365 fax: 785-296-2320
UNIFORM RESIDENTIAL APPRAISAL REPORT
SUBJECT NEIGHBORHOOD File No. Page #1 SAMPLE REPORT UNIFORM RESIDENTIAL APPRAISAL REPORT File No. Property Address 123 Sample Street City Chandler State AZ Zip Code 85224 Legal Description Lot 333 Sample
Table of Contents Chapter 1 Sales Comparison Approach Concepts 1 Chapter 3 Elements of Comparison 13
Table of Contents Chapter 1 Comparison Approach Concepts 1 Chapter 2 Units of Comparison 11 Chapter 3 Elements of Comparison 13 Chapter 4 Analysis 21 Chapter 5 Condemnation 37 Ted Whitmer, MAI 2508 Merrimac
U.S. Department of Housing and Urban Development Community Planning and Development
U.S. Department of Housing and Urban Development Community Planning and Development Special Attention of: Notice: CPD 98-2 All Secretary's Representatives All State/Area Coordinators Issued: March 18,
City of Norwalk Revaluation Project
City of Norwalk 2018 Revaluation Project Presenter: Paul Miller Supervisor: Salim Serdah Appraisers: James Steiner, John Valente, Steve Beccio, Rich Nicolosi, and Gynt Grube. Why Revaluation? It s important
Discussing Green Building & Property Valuation U.S. Green Building Council Washington, D.C. -- September 16, 2014
Discussing Green Building & Property Valuation U.S. Green Building Council Washington, D.C. -- September 16, 2014 M. Lance Coyle, MAI, SRA, CCIM 2015 President of the Appraisal Institute About the Appraisal
Pikes Peak area housing Market Statistics (As of: 2/28/2018)
Jan-1-1 -1-1 Jan-2-2 -2-2 Jan-3-3 -3-3 -4-4 -4-5 -5-5 -6-6 -6-7 -7-7 -8-8 -8-9 -9-9 -1-1 -1-11 -11-11 -12-12 -12-13 -13-13 -14-14 -14-15 -15-15 -16-16 -16-17 -17-17 Jan-1-1 -1-1 Jan-2-2 -2-2 Jan-3-3 -3-3
2. The, and Act, also known as FIRREA, requires that states set standards for all appraisers.
CHAPTER 4 SHORT-ANSWER QUESTIONS 1. An appraisal is an or of value. 2. The, and Act, also known as FIRREA, requires that states set standards for all appraisers. 3. Value in real estate is the "present
Trulia s Rent vs. Buy Report: Full Methodology
Trulia s Rent vs. Buy Report: Full Methodology This document explains Trulia s Rent versus Buy methodology, which involves 5 steps: 1. Use estimates of median rents and for-sale prices based on an area
Weekly Market Activity Report A RESEARCH TOOL FROM MINNEAPOLIS AREA REALTORS
Weekly Market Report A RESEARCH TOOL FROM MINNEAPOLIS AREA REALTORS For Week Ending December 1, 2018 Publish Date: December 10, 2018 All comparisons are to 2017 While recent stock market activity has displayed
Pikes Peak area housing Market Statistics (As of: 9/30/2018)
$156,25 $184, $174,697 $177,2 $21,53 $185,83 $173, $178,29 $172,25 $212,75 $21,95 $226,692 $197,5 $199, $196, $28, $25, $223,95 $216,75 $29,527 $234,9 $218,82 $229,74 $235,518 $231,457 $255, $259,11 $269,98
VALUATION CONSIDERATIONS AND METHODS FOR A PATENT VALUATION ANALYSIS
Insights Autumn 2009 54 Intellectual Property Valuation Insights VALUATION CONSIDERATIONS AND METHODS FOR A PATENT VALUATION ANALYSIS C. Ryan Stewart In recent years, the value of patents and other intellectual
2013 Profile of Home Buyers and Sellers Metro Indianapolis Report
Prepared for: Metro Indianapolis Board of REALTORS Prepared by: Research Division December 2013 Table of Contents Introduction... 2 Highlights... 3 Conclusion... 6 Methodology..7 Report Prepared by: Jessica
Washington Department of Revenue Property Tax Division. Valid Sales Study Kitsap County 2015 Sales for 2016 Ratio Year.
P. O. Box 47471 Olympia, WA 98504-7471. Washington Department of Revenue Property Tax Division Valid Sales Study Kitsap County 2015 Sales for 2016 Ratio Year Sales from May 1, 2014 through April 30, 2015
Housing Supply Overview
Housing Supply Overview A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS May 2016 Sellers are getting more of their asking price, meaning higher sales prices in most categories. The overall inventory
Weekly Market Activity Report A RESEARCH TOOL FROM MINNEAPOLIS AREA REALTORS
Weekly Market Report A RESEARCH TOOL FROM MINNEAPOLIS AREA REALTORS For Week Ending November 3, 2018 Publish Date: November 12, 2018 All comparisons are to 2017 According to Freddie Mac, the 30-year fixed
2-4 UNIT RESIDENTIAL APPRAISAL SUMMARY REPORT
SUBJECT ASSIGNMENT MARKET AREA DESCRIPTION G.C. Appraisals, Inc. 5761178 File No.: FTF-1447 Lefferts Blvd : 1447 Lefferts Blvd. City: Richmond Hill State: NY Zip Code: County: Queens Legal Description:
Table of Contents 2017 Commercial Revaluation Report
Table of Contents 07 Commercial Revaluation Report 07 Commercial & Industrial Valuation Summary Introduction Uniform Standards Approaches to Value Land Valuation Land to Building Ratios Parking to Building
Weekly Market Activity Report
Weekly Market Report A RESEARCH TOOL FROM THE MINNEAPOLIS AREA ASSOCIATION OF REALTORS BROUGHT TO YOU BY THE UNIQUE DATA-SHARING TRADITIONS OF THE REALTOR COMMUNITY For Week Ending September 5, 2015 Publish
EXPLANATION OF MARKET MODELING IN THE CURRENT KANSAS CAMA SYSTEM
EXPLANATION OF MARKET MODELING IN THE CURRENT KANSAS CAMA SYSTEM I have been asked on numerous occasions to provide a lay man s explanation of the market modeling system of CAMA. I do not claim to be an
Weekly Market Activity Report
Weekly Market Report A RESEARCH TOOL FROM THE MINNEAPOLIS AREA ASSOCIATION OF REALTORS BROUGHT TO YOU BY THE UNIQUE DATA-SHARING TRADITIONS OF THE REALTOR COMMUNITY For Week Ending July 8, 2017 Publish
Uniform Agricultural Appraisal Report
File No. Uniform Agricultural Appraisal Report Prepared For: Intended User: Prepared By: Date Prepared: UAAR Agri management Uniform Agricultural Appraisal Report File No # Property Identification Owner/Occupant:
Freddie Mac UCDP Proprietary Messages
UCDP Proprietary Messages -specific feedback messages for appraisals submitted to in the Uniform Collateral Data Portal (UCDP ). The content in brackets represents dynamic values. *Message text updated