QUESTION 31 Jane Jones has signed a contract to purchase a home from Blake Blain for $187,000. Ms. 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) Comp Sale 1 Comp Sale 2 Comp Sale 3 Elements of Comparison Subject 175,900 155,200 135,000 Sales price of comparable Transaction Characteristics Same Same Same Property rights conveyed Fee Simple Conventional Financing terms Same Same Same Same Same Same Conditions of sale Arm's length Expenditures immediately after None None None purchase Market conditions Today Same 5 months ago 3 year ago Property characteristics Memorial Heights Location Same Same Same Current Market conditions indicate an increase in property value of 0.35% per month in the space provided for answer. 1. Put in the value adjustments for the market conditions for the subject, comparable sale 1, comparable sale 2, and comparable sale 3 with the appropriate +/- sign 2. What are the values of the comparable sale properties after the market condition adjustments? QUESTION 31 Jane Jones has signed a contract to purchase a home from Blake Blain for $187,000. Ms. 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) Comp Sale 1 Comp Sale 2 Comp Sale 3 Elements of Comparison Subject 175,900 155,200 135,000 Sales price of comparable Transaction Characteristics Same Same Same Property rights conveyed Fee Simple Conventional Financing terms Same Same Same Same Same Same Conditions of sale Arm's length Expenditures immediately after None None None purchase Market conditions Today Same 5 months ago 3 year ago Property characteristics Memorial Heights Location Same Same Same Current Market conditions indicate an increase in property value of 0.35% per month in the space provided for answer. 1. Put in the value adjustments for the market conditions for the subject, comparable sale 1, comparable sale 2, and comparable sale 3 with the appropriate +/- sign 2. What are the values of the comparable sale properties after the market condition adjustments