please explain step by step om papper so i can understand

1 2 Q5 (30 points) 3 4 a) Based on the Sales Comparison Approach the appraiser wants to estimate the MV of a small residential property Yor task is to estimate the Market Value of the Subject Property 20 points 5 6 She has managed to assamble the following data of two comparables 7 8 Subject Property Comp.1 Comp. 2 9 Selling date 20-nov 20-juli 10 Selling Price $50,000 $48,000 $480000 11 Location same same 12 Size 1500 1650 1400 13 Age 10 yr 12 yr 8 yr None 14 Garage 2 car 2 car 15 16 When making the necessary adjustments The appraiser need to take the following data into consideration: 17 1. Prices hace increased with 0.8% / month compared with the valuation/selling date of the subject property 18 2. The location of the comparables is the same as for the subject property 19 3. Size: each sq fis valued at 50 20 4. Age: each year decrease the value with $250 21 5. Garage: a two car garage is valued at $5000 (alt 50000) 22 23 Your task is to make the necessary adjustmenst of the comparables in order to estimate the value of the subject property 24 OBS that positive feaures of the comp. As compared with the subject property are treated as neg.adjust. And vise versa 20-sep $500000 1 2 Q5 (30 points) 3 4 a) Based on the Sales Comparison Approach the appraiser wants to estimate the MV of a small residential property Yor task is to estimate the Market Value of the Subject Property 20 points 5 6 She has managed to assamble the following data of two comparables 7 8 Subject Property Comp.1 Comp. 2 9 Selling date 20-nov 20-juli 10 Selling Price $50,000 $48,000 $480000 11 Location same same 12 Size 1500 1650 1400 13 Age 10 yr 12 yr 8 yr None 14 Garage 2 car 2 car 15 16 When making the necessary adjustments The appraiser need to take the following data into consideration: 17 1. Prices hace increased with 0.8% / month compared with the valuation/selling date of the subject property 18 2. The location of the comparables is the same as for the subject property 19 3. Size: each sq fis valued at 50 20 4. Age: each year decrease the value with $250 21 5. Garage: a two car garage is valued at $5000 (alt 50000) 22 23 Your task is to make the necessary adjustmenst of the comparables in order to estimate the value of the subject property 24 OBS that positive feaures of the comp. As compared with the subject property are treated as neg.adjust. And vise versa 20-sep $500000