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Jane Jones has applied for a mortgage loan from the Bank of Mississippi. The bank requested from you an appraisal of the property using the

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Jane Jones has applied for a mortgage loan from the Bank of Mississippi. The bank requested from you an appraisal of the property using the sales comparison approach. (4 points) Elements of Comparison Subject Comparable 1 Comparable 2 Comparable 3 Sales Price of Comparable $176,000 $172,000 $163,000 Transaction Adjustments Property rights conveyed Fee Simple Same Same Same Financing terms Conventional Same Same Same Conditions of sale Arms Length Same Same Same None None None Expenditure inmed, after purchase None Today 0 4 12 Market Condition (Sale date Months Prior) Adj. for market conditions (Months Prior Sale Adjusted price Current Market conditions indicate an increase in property value of 0.25% per month Answer in the space provided the following questions to fill in the lighted areas of the appraisal 1. Put in the value adjustments for the market conditions in order from left to right as if they were in each comparable zake column for 1.2 and 3 with the appropriate trus Example $200: $200.-5300 2. What are the values of the comparable properties or the market condition adjustments in order from as they were in each comparable sale column for 1.2 and 3 fuample: $100.000: 5120000 590.000

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