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An appraiser is attempting to estimate the value of a house based on 3 nearby, recent, and arms - length comparable sales. The house has
An appraiser is attempting to estimate the value of a house based on nearby, recent, and armslength comparable sales.
The house has feet of AGLA and the basement has sft finished and unfinished. It also has a walkout basement, and was financed with a conventional loan without any required seller concessions.
Comparable Sale Info
Comp sold for $ with no seller financing concessions. It has AGLA sft of finished basement, and of unfinished basement, and it is a regular basement not a walkout
Comp sold for $ with a $ seller financing concession. It has of AGLA stt st of finished basement sft and sft of unfinished basement. It is walkout basement.
Comp sold for $ with $ of seller financing. It has AGLA sft sft of finished basement, and of unfinished basement, and it is a walkout basement.
Value Adjustments for you to use:
Prior pairwise analyses determined that the marginal value of AGLA is $ sft versus $ for finished basement square footage and $ for unfinished basement square footage. Walkout basements were determine to add $ to the value of homes in this price range.
The walkout basement adjustment for comp number one is
What is the adjusted sale price for comp number one?
What is the net adjustment percentage for comp number one?
After adjusting for the seller concession of comp two, it's adjusted sale price is
The AGLA size adjustment for comp number two is
What is the finished basement square feet adjustment for comp number two?
What is the unfinished basement square foot adjustment for comp number two?
The walkout basement adjustment for comp number two is
What is the adjusted sale price for comp number two?
What is the net adjustment percentage for comp number two?
After adjusting for the seller concession of comp three it's adjusted sale price is
The AGLA size adjustment for comp number three is
What is the finished basement square foot adjustment for comp number three?
What is the unfinished basement square foot adjustment for comp number three?
The walkout basement adjustment for comp number three is
What is the adjusted sale price for comp number three?
What is the net adjustment percentage for comp number three?
Which comp should be given the greatest weight in the appraisers final estimate of value
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