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The Student Handbook to T HE A PPRAISAL OF R EAL E STATE 1 Chapter 19 Applications of the Sales Comparison Approach.

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Presentation on theme: "The Student Handbook to T HE A PPRAISAL OF R EAL E STATE 1 Chapter 19 Applications of the Sales Comparison Approach."— Presentation transcript:

1 The Student Handbook to T HE A PPRAISAL OF R EAL E STATE 1 Chapter 19 Applications of the Sales Comparison Approach

2 Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 19 2 Quantitative Adjustment Techniques Bracketing the subject allows the analyst to extract adjustment rates easily on a spreadsheet program. Three different grids are presented to show how the rate of adjustment can be extracted. The first grid shows a rate of $10/sq. ft., the second grid shows $40/sq. ft., and the third grid shows $30/sq. ft.

3 Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 19 3 Table 19.1 Matched Pair Analysis Using a Sensitivity Analysis for Sales

4 Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 19 4 Table 19.2 Revised Matched Pair Analysis Using a Sensitivity Analysis for Sales

5 Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 19 5 Table 19.3 Third Revised Matched Pair Analysis Using a Sensitivity Analysis for Sales

6 Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 19 6 Elements of Comparison  Real Property Rights Conveyed  Financing Terms/Cash Equivalency  Conditions of Sale  Expenditures Made Immediately After the Sale  Market Conditions  Location  Physical Characteristics  Economic Characteristics  Use/Zoning  Non-Realty Components of Value

7 Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 19 7 Table 19.4 Qualitative Analysis

8 Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 19 8 Problems Suggested solutions begin on page 365.

9 Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 19 9 Problem 4

10 Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 19 10 Problem 5

11 Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 19 11 Problem 6

12 Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 19 12 Problem 7

13 Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 19 13 Problem 8

14 Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 19 14 Problem 9


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