Part 15 Sales Comparison Approach

Question 1

5 Steps of Comparison Approach

1 Research the market for info on transaction, listing and offers similar to the subject
2 Verify info on each sale
3 select relevant units of comparison
4 compare comparable sale properties with the subject property
5 reconcile the indications of value for the subject property

Answer 1

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Question 2

An ____-______ transaction is a transaction between unrelated parties who are each acting in his or her own best interest

Answer 2

Arm’s length

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Question 3

Market Conditions = _____ ________

Answer 3

Time Adjustment

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Question 4

Really
Fat
Cats
Make
Especially
Lovely
Pets

Answer 4

Rights conveyed
Financing
Conditions of sale
Expenditures made immediately after sale
Market condition
Location
Physical characteristics

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