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Statement of InformationSingle residential property located in the Melbourne
metropolitan area
Sections 47AF of the Estate Agents Act 1980
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How to fill out comparable property sales median
How to fill out comparable property sales median
01
Collect data on recently sold properties in the surrounding area.
02
Analyze the properties to find comparable ones based on factors such as location, size, condition, and amenities.
03
Calculate the median sales price by arranging the comparable property prices in ascending order and finding the middle value.
04
Take into account any outliers or unusual properties that may skew the median value.
05
Document the findings and include the median sales price in the comparable property sales report.
Who needs comparable property sales median?
01
Real estate appraisers use comparable property sales median to determine the value of a property.
02
Buyers and sellers in the real estate market can use the median sales price to negotiate a fair price.
03
Banks and lending institutions may use the median sales price to assess loan amounts and collateral value.
04
Government agencies and tax assessors may utilize the median sales price for property tax assessments.
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