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Department of Local Government Finance Sales Comparison Approach Problem and Answer Packet # 2 2023 Level II TutorialsSales Comparison Class Problem # 2 Lump Sum and Percentage Adjustments You are
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How to fill out form sales comparison approach
How to fill out form sales comparison approach
01
Gather recent sales data of similar properties in the same location.
02
Analyze the sales data to determine the market value of the subject property.
03
Adjust for any differences between the subject property and the comparable properties
04
Calculate the final estimate of the subject property's value based on the adjusted sales data.
05
Fill out the form with the calculated value and supporting data.
Who needs form sales comparison approach?
01
Real estate appraisers
02
Property assessors
03
Real estate agents
04
Property investors
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What is form sales comparison approach?
Form sales comparison approach is a method used to estimate the value of a property by comparing it to similar properties that have recently sold.
Who is required to file form sales comparison approach?
Property owners or appraisers may be required to file form sales comparison approach when determining the value of a property.
How to fill out form sales comparison approach?
To fill out form sales comparison approach, one must gather information about similar properties that have recently sold and make adjustments for any differences.
What is the purpose of form sales comparison approach?
The purpose of form sales comparison approach is to determine the fair market value of a property based on recent comparable sales.
What information must be reported on form sales comparison approach?
Information such as the sale price of comparable properties, property features, location, and adjustments made for any differences must be reported on form sales comparison approach.
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