Print in blue or black ink only (no multi-colors). Preferably, click TOOLS, then select the Fill &
Question:
Print in blue or black ink only (no multi-colors). Preferably, click "TOOLS", then select the "Fill & Sign"
option to complete the assignment.
5pointswillbedeductedfromthepointtotalforreportsthatareeithersloppy,and/orillegible. Reports written in cursive will receiveZERO points. You must write in Print form or use "TOOLS".1 pointwill be deducted for each unnecessary adjustment for the Comparables and1 pointwill be deducted for each unnecessary entry for the Subject.
Enter the Sale Price for each comparable in the appropriate field. Loan amount divided by the loan-to-value ("Sale or Financing Concessions").
Calculate and input the Sale Price/Gross Liv. Area for each comp. (DO NOT ROUND)
Adjust all 3 comparablesas neededusing these adjustments:
Site: $1 per sq ft (roundedto the nearest one hundred dollars)only for differences of 500 sq ft or more. Quality: $10,000 Actual Age: $10,000 (only for a 10-year difference or more) Condition: $5,000
Bedroom: $5,000 per Bathroom: $3,000 per GLA: $25.13 per sq ft (roundedto the nearest one hundred dollars) Guest Apt.: $6,000 HVAC: $4,000 Garage: $2,000 per car Fireplace: $1,500 per Built-in BBQ: $1,500 No other adjustments are warranted.
Grading is as follows:Each comparable must have:
50 total points
ThecorrectSale Price for each comparable (1 pt each)
Thecorrectsale price/gross living area for each comparable (1 pt each)
Thecorrectdollar amount (as needed) for each characteristic element (1 pt each)
ThecorrectNet Adjustment (Total) box checked, indicating positive or negative) (1 pt each) ThecorrectNet Adjustment (Total) dollar amount (1 pt each) A net adjustment percentage (you must indicate if positive or negative) (1 pt each), A gross adjustment percentage (1 pt each),
Thecorrectadjusted sales price inputted inthe "AdjustedSale Price of Comparables" section.(DO NOT ROUND) (1 pt each) (37 pts)
The "Summary of Sales Comparison Approach"sectioncontains a. A brief explanation that supports the indicated valuein the space provided(5 pts). b. An indicated value by Sales Comparison Approach in appropriate place (2 pts). (7 pts)
The"Reconciliation"section a. An indicated value by sales comparison approach in the appropriate place. (1 pt) b. A brief explanation regarding relevance of thethree approachesin arriving at your
final opinion of market value. (1 ptfor each approach) c. Indicate the opinion of market value and date of inspection ($_______, as of _______). (1 pteach)(6 pts)