Market Appraisals Flashcards
Explain how you have prepared and provided properly researched market appraisal enabling clients to make informed decisions regarding marketing their property(ies).
How have you demonstrated your knowledge and understanding of the purposes for which market appraisals are undertaken?
What relevant appraisal methods and techniques have you used?
What are the appropriate standards and guidance you must adhere to in appraisal work?
What are the limitations of market appraisal advice?
Explain the principles and application of open market appraisal for sale purposes including relevant appraisal standards
Explain your understanding of client requirements in the market appraisal process.
How have you demonstrated practical competence in undertaking both sale and rental market appraisals.
Explain your involvement with the preparation and presentation of client reports.
How have you demonstrated your ability to use appraisal methods and techniques?
How have you applied the relevant appraisal standards and guidance?
Explain your analysis and interpretation of comparable evidence.
How have you explained the terms of a lease and their impact on value?
How have you inspected as part of an appraisal?
How have you gathered information relevant to market appraisal?
Explain your preparation of a market appraisal report from beginning to end.
How have you prepared terms and conditions of engagement?
As part of the market appraisal at Hodgetts lane what information did you request from the vendor?
How long did you anticipate the property would be on the market for?
who did you identify as the potential tenants?
What do tenants look for in a property in this location?
What marketing strategy did you agree with the landlord?
How did you set your fee?
How did you review your performance?
How do you advertise?
You mention the property in Stoneleigh was sold on the open market - what are the alternative?
What are the methods of sale?
How much does a market appraisal cost?
Are the legally binding?
What Is the point of a market appraisal?
