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11811 S Sunset Dr Ste 2100 Olathe, KS 660617060 http://www.jocogov.org/appraiser/ (913) 7159000COMPUTERIZED APPRAISAL RESEARCH DATA SYSTEM C.A.R.D.S APPLICATION Who is Eligible: For licensed or certified

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How to fill out explanation of a comparable

01

Identify the relevant features of the comparable property.

02

Compare these features to the subject property being evaluated.

03

Clearly explain any differences or similarities between the properties.

04

Provide supporting data and market analysis to justify the comparison.

05

Use clear and concise language to ensure the explanation is easy to understand.

Who needs explanation of a comparable?

01

Real estate appraisers

02

Potential home buyers

03

Property investors

04

Lenders and financial institutions

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What is explanation of a comparable?

Explanation of a comparable is a detailed description of how a comparable company or transaction is similar or related to the subject company or transaction being analyzed for valuation purposes.

Who is required to file explanation of a comparable?

The individuals or entities involved in the valuation process, such as appraisers, analysts, or companies seeking valuation services, are required to file explanation of a comparable.

How to fill out explanation of a comparable?

Explanation of a comparable should be filled out by providing specific details about the comparable company or transaction, highlighting key similarities and differences, and explaining the relevance of the comparison to the subject company or transaction.

What is the purpose of explanation of a comparable?

The purpose of explanation of a comparable is to provide transparency and justification for the selection of comparable companies or transactions in the valuation analysis, allowing stakeholders to understand the basis for the valuation conclusions.

What information must be reported on explanation of a comparable?

Information such as industry classification, financial performance metrics, geographic location, size, and any adjustments made to the comparables should be reported on explanation of a comparable.

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