Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I am looking for an excel formula for this In using transaction data to determine the current value of the subject property, it is important

I am looking for an excel formula for this

In using transaction data to determine the current value of the subject property, it is important to recognize that general market conditions may have changed since a particular transaction occurred. Property A sold 22 months ago for $250,000 and Property B sold 16 months ago for $221,000. If the two properties are priced today at $299,000 and $245,000, respectively, what is the average monthly rate of increase that can be used to adjust comparable prices for changes in market conditions?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Stock Market Investing For Beginners

Authors: George Graham

1st Edition

1914346432, 978-1914346439

More Books

Students also viewed these Finance questions

Question

=+2. Are any of the interactions of the variables significant?

Answered: 1 week ago

Question

Identify cultural barriers to communication.

Answered: 1 week ago