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Apr 27, 2011 ... The Comparable Sales adjustment spreadsheet is in a grid type format and ... An average is then calculated from those comparable' Percent ...

How to fill out comparable sales form

How to fill out a comparable sales form:

1. Start by gathering information about the property you are trying to appraise or sell. This includes the address, size, number of bedrooms and bathrooms, and any unique features or upgrades.
2. Next, research recent sales of similar properties in the same area. Look for properties that are comparable in terms of size, location, and condition. This information can often be found through online real estate databases or by working with a real estate agent.
3. Once you have identified comparable sales, fill out the form by listing each property individually. Include the address, sale price, date of sale, and any relevant details about the property.
4. Provide an explanation for any adjustments made to the sale price of the comparables. For example, if the property being appraised has an additional bedroom compared to a comparable sale, an adjustment should be made to account for this difference.
5. Calculate the adjusted sale price for each comparable property by adding or subtracting the adjustments made in the previous step. This will give you a more accurate estimate of the property's value.
6. Finally, summarize the comparable sales data and your adjustments in a clear and organized manner. This may include creating a table or chart to present the information in a visually appealing way.

Who needs a comparable sales form:

1. Real estate appraisers use comparable sales forms to determine the value of a property. This is an important step in the appraisal process, as it helps establish a fair and accurate value for a property.
2. Real estate agents may also use comparable sales forms when preparing a market analysis for a home seller. These forms can provide valuable data to help determine an appropriate listing price for a property.
3. Homeowners who are considering selling their property may also find value in reviewing comparable sales forms. This can help them understand the current market value of their property and make informed decisions about pricing and marketing strategies.

Overall, anyone involved in the real estate industry, whether it be appraisers, agents, or homeowners, may benefit from using a comparable sales form to gather and analyze data about recent property sales in a given area.

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What is comparable sales form?

The comparable sales form is a document used to report sales of similar properties in the real estate market.

Who is required to file comparable sales form?

Real estate agents, appraisers, and property owners are required to file comparable sales form.

How to fill out comparable sales form?

To fill out the comparable sales form, you need to provide details of recent sales of similar properties in the area.

What is the purpose of comparable sales form?

The purpose of comparable sales form is to help determine the market value of a property based on recent sales of similar properties.

What information must be reported on comparable sales form?

The comparable sales form must include details of the property, sale price, date of sale, and any unique features that may affect the value of the property.