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Statement of InformationSingle residential property located in the Melbourne metropolitan area Section 47AF of the Estate Agents Act 1980 Property offered for sale Address Including suburb and postcode97
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How to fill out comparable property sales
How to fill out comparable property sales
01
Gather information about the subject property such as location, size, layout, and condition.
02
Research and identify recently sold properties in the same neighborhood or similar area.
03
Collect data on the sold properties including sale price, date of sale, property features, and any special circumstances surrounding the sale.
04
Analyze the data to determine the comparability of each property to the subject property.
05
Adjust the sale prices of the comparable properties based on any differences in features, condition, or other relevant factors.
06
Calculate the average or median adjusted sale price of the comparable properties.
07
Use the adjusted sale price as an estimate of the fair market value of the subject property.
Who needs comparable property sales?
01
Real estate agents and brokers
02
Appraisers
03
Home buyers and sellers
04
Property investors
05
Financial institutions for loan underwriting
06
Government agencies for property assessments and tax purposes
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What is comparable property sales?
Comparable property sales are sales of similar properties that are used to determine the market value of a property.
Who is required to file comparable property sales?
Property owners, real estate agents, and appraisers are typically required to file comparable property sales.
How to fill out comparable property sales?
Comparable property sales should be filled out with information such as sale price, property details, and sale date.
What is the purpose of comparable property sales?
The purpose of comparable property sales is to determine the fair market value of a property.
What information must be reported on comparable property sales?
Information such as sale price, property details, sale date, and any special conditions of the sale must be reported on comparable property sales.
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