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Comparable Housing Determination for Transitional Housing Grantee Name Sponsor/CDO Name and Address of Project: Circle Funding: HOME, CBG, HOP WA, SHP, NSW, CD BGR, Pub. Housing, Sec 202/811 Issue
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How to fill out comparable housing determination for

01
To fill out a comparable housing determination form, follow these steps:
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Start by gathering all the necessary information about the subject property.
03
Identify the specific features of the subject property that should be compared to similar properties.
04
Research and identify comparable properties that have recently been sold or rented in the same area.
05
Collect relevant information about the comparable properties, such as their sale or rental prices, location, size, and amenities.
06
Analyze and compare the subject property to the comparable properties based on the identified features.
07
Document the findings and conclusions in the comparable housing determination form.
08
Review and double-check the information and calculations in the form to ensure accuracy.
09
Sign and date the form as the person responsible for completing the determination.
10
Submit the completed form to the appropriate party or organization.
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Keep a copy of the filled-out form for your records.

Who needs comparable housing determination for?

01
Comparable housing determination is needed for various purposes, such as:
02
- Real estate appraisals: Appraisers use comparable housing determination to estimate the value of a property.
03
- Property assessments: Municipalities may require comparable housing determination to assess property taxes.
04
- Housing assistance programs: The eligibility for certain housing assistance programs may depend on a comparable housing determination.
05
- Rental property pricing: Landlords may use comparable housing determination to set rental prices for their properties.
06
- Residential sales: Buyers and sellers may utilize comparable housing determination to negotiate the price of a property.
07
- Property insurance: Insurance companies may use comparable housing determination to determine the replacement value of a property.
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Comparable housing determination is used to assess the adequacy and fairness of a housing unit in comparison to other similar housing units in order to establish a reasonable rent or sale price.
Property owners, landlords, real estate agents, or appraisers may be required to file a comparable housing determination depending on the regulations in their region.
Comparable housing determination forms typically require information about the property's location, size, amenities, condition, and recent sales or rental prices of similar properties in the area.
The purpose of comparable housing determination is to ensure that housing prices are fair and reflect the market value of the property.
Information such as property details, market trends, recent sales or rental prices of similar properties, and any relevant factors affecting the property's value.
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