Question
Real Estate Question. Please Help ASAP Sequence of Adjustments: 1. Property rights conveyed 2. Financing terms/cash equivalency 3. Conditions of sale 4. Expenditures made immediately
Real Estate Question. Please Help ASAP
Sequence of Adjustments:
1. Property rights conveyed
2. Financing terms/cash equivalency
3. Conditions of sale
4. Expenditures made immediately after purchase
5. Market conditions
6. Location
7. Physical characteristics
8. Economic characteristics
9. Legal characteristics
10. Non-realty components of value
****the first five adjustments (indicated in bold type) are generally applied in sequence. The last five adjustments do not necessarily need to be applied in sequence, although they typically are.
***The first seven elements in the sequence apply to all kinds of properties. The last three elements apply primarily to income-producing properties.
Adjustments Apply the following adjustments to a comparable sale that had a sale price of $272,000: Market conditions: Property rights conveyed: Location: Physical characteristics: Financing terms: Concessions: Conditions of Sale: +6.5% +2% -20% +12% -5% -$1,500 -10% Element of Comparison Adjustment % Adjustment Sale Price $272,000
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