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This document outlines the sales comparison approach used by the Collin Central Appraisal District to appraise single-family residential properties, providing guidance for property owners when preparing
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How to fill out sales comparison approach template

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01
Start by gathering all the necessary information for each property you wish to compare in the grid. This includes the address, size of the property, number of bedrooms and bathrooms, and any additional features or amenities.
02
Begin by filling out the first row of the grid, labeling each column with the appropriate criteria for comparison. This may include sold price, listing price, days on market, property condition, and any other relevant factors.
03
For each property, fill out the corresponding columns with the specific details. For example, under the sold price column, input the actual selling price of each property. Make sure to be accurate and to double-check the data.
04
Compare the other criteria for each property and fill out the corresponding columns accordingly. This may involve researching public records, contacting real estate agents, or referring to previous sales data.
05
Analyze the data in the grid and look for patterns or trends. This can help you determine the fair market value for a particular property or identify any outliers.
06
Consider the intended purpose of the comparison grid. Are you using it for personal research or appraisal purposes? Are you a prospective buyer or seller? Understanding the purpose will help guide your analysis and interpretation of the data.

Who needs a residential sales comparison grid?

01
Real estate agents: Residential sales comparison grids are valuable tools for real estate agents to use when determining the market value of a property. This helps them advise sellers on listing prices and negotiate offers for buyers.
02
Appraisers: Appraisers often rely on residential sales comparison grids to assess the value of a property and determine if it meets the standards for mortgage lending or other purposes.
03
Home buyers and sellers: Those looking to buy or sell a property can benefit from a residential sales comparison grid to gain a better understanding of the local market and make informed decisions.
04
Investors: Real estate investors frequently utilize residential sales comparison grids to analyze potential investment properties and assess their profitability.
05
Researchers: Researchers interested in analyzing market trends or studying the housing market may find residential sales comparison grids valuable in their studies.
Overall, anyone involved in the real estate industry or seeking to make informed decisions regarding residential properties can benefit from utilizing a residential sales comparison grid.
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The residential sales comparison grid is a tool used in real estate to compare the sale prices of similar properties in order to determine the value of a particular property.
Property owners, real estate agents, and appraisers are required to file residential sales comparison grids when determining the value of a residential property.
To fill out a residential sales comparison grid, one must gather data on recent sales of similar properties in the area, compare the features and characteristics of the properties, and make adjustments for any differences in order to determine an accurate value for the property.
The purpose of the residential sales comparison grid is to help determine the fair market value of a residential property by using sales data from similar properties.
The residential sales comparison grid must include information on the sales price of similar properties, the features and characteristics of the properties, any adjustments made, and the final value determined for the subject property.
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