You are conducting an appraisal using the comparison method. You have found two comparable properties with the same square footage and parcel area. The selling price of Property 1014 was 10% less than Property 2056. Both comparables (property being appraised) are in the same neighborhood. Which notation in the appraiser's report could contribute to this difference in selling price. (Hint: Of the factors listed, which would contribute to the greatest difference between the value of the two properities). Utility bills of Property 1014 are 3% less than Property 2056 Property 1014 was built in 1986 and Property 2056 was built in 1988. Property 1014 sold during the winter months when there are generally few buyers in the market Property 1014 has had a recent kitchen renovation Property 1014 is closer to the regional hospital by 1.5 miles.
You are conducting an appraisal using the comparison method. You have found two comparable properties with the same square footage and parcel area. The selling price of Property 1014 was 10% less than Property 2056. Both comparables (property being appraised) are in the same neighborhood. Which notation in the appraiser's report could contribute to this difference in selling price. (Hint: Of the factors listed, which would contribute to the greatest difference between the value of the two properities). Utility bills of Property 1014 are 3% less than Property 2056 Property 1014 was built in 1986 and Property 2056 was built in 1988. Property 1014 sold during the winter months when there are generally few buyers in the market Property 1014 has had a recent kitchen renovation Property 1014 is closer to the regional hospital by 1.5 miles.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:You are conducting an appraisal using the comparison method. You have found two
comparable properties with the same square footage and parcel area. The selling
price of Property 1014 was 10% less than Property 2056. Both comparables
(property being appraised) are in the same neighborhood. Which notation in the
appraiser's report could contribute to this difference in selling price. (Hint: Of the
factors listed, which would contribute to the greatest difference between the value
of the two properities).
Utility bills of Property 1014 are 3% less than Property 2056
Property 1014 was built in 1986 and Property 2056 was built in 1988.
Property 1014 sold during the winter months when there are generally few
buyers in the market
Property 1014 has had a recent kitchen renovation
Property 1014 is closer to the regional hospital by 1.5 miles
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