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SOLD PROPERTY COMPARATIVE MARKET ANALYSIS PREPARED FOR 10220 East Barton Court, Indianapolis, IN 46229 July 14, 2016, Nina Mayberry Home union IN, LLC LIC RC51400121 www.Homeunion.com Page 1 of 10

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How to fill out sold property comparative market

How to fill out a sold property comparative market:

01

Start by gathering all relevant information about the sold property, including its address, size, number of bedrooms and bathrooms, and any special features or upgrades it may have.

02

Research recent comparable sales in the same neighborhood or area to establish a baseline for determining the property's value. Look for properties that are similar in size, condition, and amenities.

03

Analyze the data of these comparable sales, paying attention to the sold prices, days on market, and any adjustments made to account for differences between the sold properties and the subject property.

04

Use this analysis to determine a reasonable value range for the subject property. This can be done by averaging the sold prices of the comparable properties, adjusting for any differences, or using other valuation methods such as the cost approach or income approach if applicable.

05

Document your findings in the sold property comparative market report. Include detailed information about the comparable properties used, the adjustments made, and any additional factors that may have influenced the subject property's value.

06

Present the completed sold property comparative market report to the relevant parties, such as real estate agents, appraisers, or property owners. Use the report as a tool to support pricing decisions, negotiations, or valuation assessments.

Who needs sold property comparative market:

01

Real estate agents and brokers rely on sold property comparative market reports to determine the fair market value of a property for sale. This information helps them accurately price the property to attract potential buyers and secure a successful sale.

02

Property appraisers also use sold property comparative market reports to evaluate the value of a property for various purposes, such as mortgage lending, estate planning, or property tax assessments. These reports provide them with a comprehensive overview of recent sales in the area and help them arrive at an unbiased estimate of value.

03

Property owners who are considering selling their property or refinancing a mortgage may also benefit from a sold property comparative market report. It provides them with valuable insights into the current market conditions and helps them make informed decisions about pricing and negotiations.

Overall, the sold property comparative market report is an essential tool for anyone involved in buying, selling, or valuing real estate. It assists in determining a property's market value, providing crucial information for decision-making processes and ensuring fair and accurate transactions.

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What is sold property comparative market?

Sold property comparative market is a report that compares the sale prices of similar properties in a specific area to determine the market value of a property.

Who is required to file sold property comparative market?

Real estate agents, appraisers, and property owners are typically required to file sold property comparative market reports.

How to fill out sold property comparative market?

To fill out a sold property comparative market report, you will need to collect data on recent property sales in the area and compare them to the property in question.

What is the purpose of sold property comparative market?

The purpose of a sold property comparative market report is to determine the fair market value of a property based on recent sales of similar properties.

What information must be reported on sold property comparative market?

Information such as the sale price, size, location, and condition of the property must be reported on a sold property comparative market report.

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