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December2013IJPSSVolume 3, Issue 12ISSN: 22495894___ A COMPARATIVE APPRAISAL OF CONDITION OF INFRASTRUCTURE IN PUBLIC AND PRIVATE PRIMARY SCHOOLS IN SHOMOLU, LAGOS STATE, NIGERIA Musibau Jelili Adebayo
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How to fill out a comparative appraisal of

01
Gather necessary property data, including location, size, condition, and features.
02
Research similar properties in the area that have sold recently for comparison.
03
Analyze the sale prices of comparable properties to determine a fair market value.
04
Document the differences between the properties, noting any advantages or disadvantages.
05
Create a comparative analysis chart to visually compare the properties.
06
Calculate adjustments to the sale prices of comparables based on differences.
07
Summarize your findings and provide a final estimated value for the property in question.

Who needs a comparative appraisal of?

01
Homeowners looking to sell or refinance their property.
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Real estate agents needing to assess property value for listings.
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Banks and lenders requiring appraisals for mortgage approvals.
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Investors analyzing property value for potential purchases.
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Insurance companies estimating property values for coverage.
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A comparative appraisal is an evaluation method that compares and assesses the qualities, characteristics, and values of similar entities, such as properties or financial statements, to determine their relative worth.
Individuals or entities that own property or conduct business activities requiring valuation, such as real estate owners, businesses, or other organizations that are subject to appraisal regulations or taxation, are typically required to file a comparative appraisal.
To fill out a comparative appraisal, collect relevant data about the subject property or entity, use established appraisal methods to derive values, complete the necessary forms with accurate information, and ensure compliance with local regulations.
The purpose of a comparative appraisal is to provide an objective assessment of value for decision-making, tax assessments, sales, or legal purposes, ensuring that the valuation is based on comparable data.
Information typically required includes property details (location, size, type), market analysis, comparable sales data, current valuation methods used, and any relevant financial information.
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