Comparative Method Flashcards
1
Q
Six steps to the comparative method
A
- Search comparables
- Confirm details and analyse headline rent
- Assemble schedule
- Adjust comparables using the hierarchy
- Analyse comparable
- Report value
2
Q
Hierarchy of evidence
A
Category A: direct comparables
Category B: general market data
Category C: other sources (interest rates)
3
Q
How to locate comparables
A
Online (AI)
Contacts (agents)
In house records
