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Comparable Properties Sold Address: Town: State Zip: County: Will/Dist/LOC: Level/Subdiv: Bedrooms: Total Baths: War Body Name: Water Account Type: District: Style: Basement: 780 East Mountain Road
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How to fill out comparable properties

How to fill out comparable properties:
01
Start by gathering the necessary information about the subject property, such as its location, size, age, and any unique features or amenities it may have.
02
Research recent sales of similar properties in the same area to find comparable properties. Look for properties that are similar in terms of size, condition, and location.
03
Once you have identified potential comparable properties, gather information about their sale prices, dates of sale, and any relevant details about the properties themselves.
04
Compare the subject property to the comparable properties based on key factors such as square footage, number of bedrooms and bathrooms, condition, location, and any other relevant features or amenities.
05
Adjust the sale prices of the comparable properties to account for any differences or discrepancies between them and the subject property. Consider factors such as condition, renovations, and market trends.
06
Use the adjusted sale prices of the comparable properties to estimate the market value of the subject property. This can help determine a fair listing or purchase price.
07
Make sure to document your research and calculations thoroughly to support your valuation of the subject property.
Who needs comparable properties:
01
Real estate appraisers: Comparable properties are essential for appraisers as they use them to determine the market value of a property. Appraisers need accurate and up-to-date information on comparable properties to make informed assessments.
02
Real estate agents: When listing a property, real estate agents often use comparable properties to determine an appropriate asking price. This helps ensure that the property is competitively priced in the market and can attract potential buyers.
03
Buyers and sellers: Both buyers and sellers can benefit from having information about comparable properties. Buyers can use this information to assess whether a property is worth the asking price, while sellers can use it to determine a realistic and competitive listing price. Understanding the value of comparable properties can help both parties negotiate effectively.
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What is comparable properties?
Comparable properties refer to properties that are similar in characteristics and location to the subject property being evaluated. These are used in real estate appraisals to determine the market value of the subject property.
Who is required to file comparable properties?
Property owners, real estate agents, and appraisers are required to file comparable properties when conducting a real estate appraisal or valuation.
How to fill out comparable properties?
To fill out comparable properties, one must gather information on properties that are similar to the subject property in terms of location, size, age, condition, and features. This information is then used to determine the market value of the subject property.
What is the purpose of comparable properties?
The purpose of comparable properties is to provide a benchmark for determining the market value of a subject property. By comparing similar properties that have recently sold, appraisers can estimate the value of the subject property.
What information must be reported on comparable properties?
Information such as the sale price, the date of sale, the size of the property, the number of bedrooms and bathrooms, the location, and any unique features or amenities must be reported on comparable properties.
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