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Q5. A property comparable to the single-family home you are appraising sold three months ago for $380,500. You have determined that the adjustments required for
Q5. A property comparable to the single-family home you are appraising sold three months ago for $380,500. You have determined that the adjustments required for differences in the comparable and subject property are as follows: Transaction characteristics Property rights conveyed None Financing terms None Conditions of sale None Expenditures immed, after purchase +3258 Market conditions +0.6% /month, not compounded Property characteristics Location +3% Physical characteristics: -4% Economics characteristics N.A. Use None Non-realty components found -7000 in comparable What is the final adjusted sale price of the comparable? Make the adjustments in the order suggested by Exhibit 7-6 (page 175). Show complete working in the determination of the final adjusted sale price (Week 7, Watch video for DQ-1) [20] Q5. A property comparable to the single-family home you are appraising sold three months ago for $380,500. You have determined that the adjustments required for differences in the comparable and subject property are as follows: Transaction characteristics Property rights conveyed None Financing terms None Conditions of sale None Expenditures immed, after purchase +3258 Market conditions +0.6% /month, not compounded Property characteristics Location +3% Physical characteristics: -4% Economics characteristics N.A. Use None Non-realty components found -7000 in comparable What is the final adjusted sale price of the comparable? Make the adjustments in the order suggested by Exhibit 7-6 (page 175). Show complete working in the determination of the final adjusted sale price (Week 7, Watch video for DQ-1) [20]
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