Download Erc Broker Market Analysis Template
Misconceptions
- Misconception 1: The ERC Broker Market Analysis form is an appraisal.
- Misconception 2: This form includes a home inspection.
- Misconception 3: The analysis guarantees a specific sales price.
- Misconception 4: All state-specific disclosure requirements are included in the form.
- Misconception 5: The report is valid indefinitely.
- Misconception 6: The form is suitable for all types of properties.
- Misconception 7: The Most Likely Sales Price is based on the property’s condition alone.
- Misconception 8: The form can be used for financing purposes.
- Misconception 9: All necessary inspections are automatically included in the report.
This form is not an appraisal. It is a comparative market analysis that estimates the Most Likely Sales Price based on various factors, but it does not meet the standards of a formal appraisal.
While the form assesses property condition, it does not serve as a home inspection. It identifies visible issues but does not provide a thorough inspection report.
The Most Likely Sales Price is an estimate based on current market conditions and property details. It does not guarantee that the property will sell for that amount.
The form advises preparers to be aware of state-specific disclosure requirements. However, it does not automatically include them, so additional research may be necessary.
This form has an expiration date. The version mentioned expires on December 31, 2009, indicating that updates or new versions may be necessary for current use.
The form is designed for a variety of property types, but specific characteristics may not apply to every property. Each situation should be evaluated individually.
The estimate considers multiple factors, including location, market conditions, and competition, not just the property's physical condition.
This analysis is not intended for securing financing. It provides insights into marketability and pricing, but lenders typically require formal appraisals for financing decisions.
While the form mentions required and customary inspections, it does not list them all. Preparers must identify and include any additional inspections relevant to the property.
File Details
| Fact Name | Description |
|---|---|
| Purpose of the Form | The form assists real estate brokers in analyzing a property's condition, competition, and marketability to estimate its Most Likely Sales Price. |
| Not an Appraisal | This form is not an appraisal and does not comply with the Uniform Standards of Professional Appraisal Practice. It serves as a comparative market analysis only. |
| State-Specific Requirements | Preparers must be aware of and include any state-specific disclosure requirements relevant to the analysis. |
| Marketing Time Frame | The Most Likely Sales Price is based on the property being sold in "as is" condition, with a marketing time not exceeding 120 days unless directed otherwise by the client. |
| Copyright Information | This form is copyrighted by Worldwide ERC® and was last revised in January 2009. It expires on December 31, 2009. |
Key takeaways
When filling out and using the ERC Broker Market Analysis form, several key points can enhance the process and ensure accuracy. Here are some important takeaways:
- Understand the Purpose: The form is designed to help real estate brokers analyze a property’s condition, competition, and future marketability, ultimately estimating its Most Likely Sales Price (MLSP).
- Clarify Limitations: This report is not a home inspection or appraisal. It is a comparative market analysis and should not be used as such.
- Follow Procedural Guidelines: Adhere to the requesting company’s procedures for contacting homeowners, inspecting properties, and submitting reports.
- Consider State-Specific Requirements: Be aware of any state-specific disclosure requirements and ensure they are included in the form as needed.
- Document Property Details: Accurately fill in all relevant property information, including its condition, improvements, and any personal property that remains.
- Assess Market Conditions: Evaluate both the subject neighborhood and the broader market area to understand pricing trends and competition.
- Anticipate Financing Issues: Identify potential financing obstacles that may arise, such as property condition or zoning issues, and comment on them appropriately.
Dos and Don'ts
- Do read the entire form carefully before filling it out.
- Do provide accurate and complete information for each section.
- Do check for any state-specific disclosure requirements and include them.
- Do follow the procedural guidelines for contacting homeowners and submitting the report.
- Don't treat this form as an appraisal or home inspection.
- Don't omit any known issues that may affect the property’s value or marketability.
- Don't forget to include estimated costs for repairs and improvements.
- Don't ignore the importance of documenting any personal property that remains with the sale.
Common mistakes
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Incomplete Information: Many individuals fail to provide all necessary details about the property, such as the homeowner's purchase price, improvements made, or current listing status. This omission can lead to an inaccurate market analysis.
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Ignoring Local Guidelines: Some preparers overlook state-specific disclosure requirements. Not adhering to these regulations can result in legal complications or an invalid report.
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Misestimating Repairs: Underestimating or overestimating repair costs is common. Accurate cost estimates are crucial for determining the property's marketability and potential sales price.
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Neglecting Market Conditions: Failing to assess current market conditions, such as the average days on the market or trends in property values, can skew the analysis. This oversight may lead to unrealistic pricing recommendations.
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Inadequate Comparable Listings: Some users do not select appropriate comparable sales. Choosing listings that are not similar in style, condition, or location can mislead the valuation process and affect the final report.
What You Should Know About This Form
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What is the purpose of the ERC Broker Market Analysis form?
The ERC Broker Market Analysis form serves as a tool for real estate brokers to perform a thorough analysis of a property's condition, its competition, and its potential marketability. By evaluating these factors, brokers can estimate the Most Likely Sales Price (MLSP) of the property. It's important to note that this form is not intended to replace a home inspection or an appraisal, and it should not be used as such.
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How does the form assist in determining the Most Likely Sales Price (MLSP)?
The MLSP is determined based on the property’s current condition and the expected marketing time, typically not exceeding 120 days. Brokers will consider various factors, including improvements made to the property, local market conditions, and comparable sales in the area. This comprehensive analysis helps ensure that the estimated price is realistic and competitive.
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What kind of information is required when filling out the form?
When completing the ERC Broker Market Analysis form, several key pieces of information are necessary. This includes details about the property, such as its address, homeowner contact information, and the real estate firm involved. Additionally, information about the property’s condition, any improvements made, and potential issues affecting its marketability must be documented. This ensures that the analysis is as accurate and comprehensive as possible.
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Are there any specific guidelines that need to be followed while using the form?
Yes, there are procedural guidelines that must be adhered to when using the ERC Broker Market Analysis form. Brokers should follow the requesting company's protocols for contacting homeowners, inspecting the property, submitting the report, and including photos. Furthermore, it is essential to be aware of any state-specific disclosure requirements and to incorporate them into the analysis as needed.
Erc Broker Market Analysis Example
Worldwide ERC® Broker’s Market Analysis and Strategy Report
Purpose: This report is designed to enable the real estate broker to conduct a diligent analysis of the subject property’s condition, competition, and future marketability. Based on this analysis, the broker is to estimate the subject property’s Most Likely Sales Price.
This is not a home inspection. Nor is this an appraisal; this comparative market analysis has not been performed in accordance with the Uniform Standards of Professional Appraisal Practice. It is not to be construed as an appraisal and may not be used as such for any purpose. Preparers of this form need to be aware of any
Procedural Guidelines: For procedures on contacting homeowner, inspecting property, submitting report, and providing photos, follow the requesting company’s guidelines. The Most Likely Sales Price (MLSP) is based on “as is” condition and a marketing time not to exceed 120 days to a contract of sale or as directed by the client.
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INFORMATION |
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File #: |
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Homeowner(s): |
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Property Address: |
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Home Phone #: |
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City, State, Zip: |
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Work Phone #: |
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BMA Requested by (Co. & Contact): |
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Requesting Co. Address: |
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Phone #: |
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City, State, Zip: |
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Fax #: |
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ASSIGNMENT |
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Real Estate Firm: |
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Contact Name: |
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Real Estate Firm Address: |
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Phone #: |
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City, State, Zip: |
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Fax #: |
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Agent Preparer: |
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Phone #: |
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Homeowner’s purchase price: $ |
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Date purchased: |
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INFORMATION |
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Improvements made by homeowner if any: |
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Is the subject currently listed? |
□ Yes |
□ No |
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Listing Company/Agent: |
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Form of Ownership: |
□ Fee Simple |
□ Leasehold |
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Occupant: |
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□ Homeowner |
□ Tenant |
□ Vacant |
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Type: □ Condo |
Coop |
PUD |
Single Family |
Mixed Use |
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Town House |
Modular |
Mobile Home |
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SUBJECT |
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□ Other: |
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Indicate any personal property that remains (e.g., refrigerator, range, etc): |
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Subject’s location type: |
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□ Urban |
□ Suburban |
□ Distant suburban |
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□ Rural |
□ Farm |
□ Resort |
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Lot Characteristics: positive/negative (explain): |
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Subject’s view: positive/negative (explain): |
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Locational issues OF WHICH you are aware that may affect the insurability of the property:
LOCATION |
Site Characteristics of which you are aware (check all that apply): |
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□ Private Street Access |
□ Private Street Maintenance |
□ Gated |
□ Alley |
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□ Easements/Encroachments |
□ Sidewalk |
□ Curbs/Gutters |
□ Street Lighting |
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SUBJECT |
□ Paved Street Surface |
□ Paved Driveway Surface |
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Miscellaneous of which you are aware (check all that apply): |
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□ Maintenance issues with neighboring properties |
□ Excess acreage or land |
□ Mobile homes/trailer park nearby |
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□ Subject located on or near designated environmental sites |
□ Location next to agricultural area |
□ Close proximity to hospital/firehouse, etc. |
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□ Neighborhood has restrictive covenants |
□ Subject located near railroad tracks |
□ Audible street or highway noise present |
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□ Located on or backs up to busy/main street |
□ Location in flood plain |
□ Location in earthquake zone |
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□ Location next to school or public park |
□ Property located on corner lot |
□ Access to subject property |
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□ Location near/in view of power lines/water towers/ radio towers |
□ Location next to industrial area |
□ Located on airport flight path |
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□ Additional Comments: |
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Check all other items of which you are aware that may affect the marketability or value of the subject property and comment below:
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□ Style of home not typical for the area |
□ Subject is over improved |
□ Subject is under improved |
MISCELLANEOUS |
□ Inadequate parking |
□ Functional obsolescence |
□ Steep driveway |
□ Proposed land use change |
□ Little sales activity in area or price range |
□ Estimated time to sell is more than 120 days |
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□ Proposed or pending assessments |
□ Property taxes not typical for area |
□ HOA has first right of refusal |
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□ HOA does not allow “for sale” signs on property |
□ HOA fees not typical for the area |
□ Other |
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Comments: |
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Copyright © 2008 by Worldwide ERC®
Rev. 01/07/2009 |
This Form Expires 12/31/2009 |
Page 1 of 6 |
SUBJECT CONDITION
INSPECTIONS/DISCLOSURES
Property Condition
For all the following of which you are aware or observe in viewing the property, check the appropriate box(es) and describe:
□Décor of home is personalized or dated:
□Incomplete construction:
□Evidence of past or present water damage:
□Cracks or stains on walls, floors, or ceilings:
□Oil tank (abandoned):
□Oil tank (in use):
□Underground storage tank (abandoned):
□Underground storage tank (in use):
□Synthetic stucco:
□Suspected structural problems:
□Evidence of odor:
□Evidence of pet damage:
□Evidence of deferred maintenance: Additional Comments:
Recommended Repairs and Improvements |
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Interior Items |
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R&I Estimates |
□ Paint |
Estimated cost per item: $ |
Comment: |
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□ Flooring |
Estimated cost per item: $ |
Comment: |
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□ Wall paper removal |
Estimated cost per item: $ |
Comment: |
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□ Appliances |
Estimated cost per item: $ |
Comment: |
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□ Cabinets |
Estimated cost per item: $ |
Comment: |
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□ Light fixtures |
Estimated cost per item: $ |
Comment: |
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□ Countertops |
Estimated cost per item: $ |
Comment: |
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□ Bathroom fixtures |
Estimated cost per item: $ |
Comment: |
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□ Other: |
Estimated cost per item: $ |
Comment: |
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□ Other: |
Estimated cost per item: $ |
Comment: |
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□ Other: |
Estimated cost per item: $ |
Comment: |
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Total Estimated Cost for Interior Repairs |
$ |
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Exterior Items |
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R&I Estimates |
□ Landscaping |
Estimated cost per item: $ |
Comment: |
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□ Paint |
Estimated cost per item: $ |
Comment: |
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□ Driveway/walkway |
Estimated cost per item: $ |
Comment: |
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□ Porch/deck |
Estimated cost per item: $ |
Comment: |
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□ Pool |
Estimated cost per item: $ |
Comment: |
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□ Spa |
Estimated cost per item :$ |
Comment: |
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□ Gutters |
Estimated cost per item: $ |
Comment: |
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□ Siding |
Estimated cost per item: $ |
Comment: |
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□ Trim |
Estimated cost per item: $ |
Comment: |
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□ Roof |
Estimated cost per item: $ |
Comment: |
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□ Detached structures |
Estimated cost per item: $ |
Comment: |
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□ Debris removal |
Estimated cost per item: $ |
Comment: |
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□ Windows and screens |
Estimated cost per item: $ |
Comment: |
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□ Other: |
Estimated cost per item: $ |
Comment: |
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□ Other: |
Estimated cost per item: $ |
Comment: |
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□ Other: |
Estimated cost per item: $ |
Comment: |
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Total Estimated Cost for Exterior RepairS |
$ |
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List all required, customary and additionally recommended inspections (e.g., municipal, certificate of occupancy, environmental, etc.): Required:
Customary:
Additionally recommended for the subject property:
Subject property issues OF WHICH you are aware that may affect insurability of the subject property:
List all required disclosures:
Copyright © 2008 by Worldwide ERC®
Rev. 01/07/2009 |
This Form Expires 12/31/2009 |
Page 2 of 6 |
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Identify the most probable means of financing for the subject: |
□ FHA |
□ VA |
□ Cash |
□ Conventional |
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□ Other: |
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Describe the terms of the financing type identified above: |
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Identify and describe any financing concessions that may be necessary to secure the sale of the subject property. |
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□ Points: |
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□ Closing Costs: |
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□ Other: |
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FINANCING |
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Do you anticipate any issues that may affect the ability to secure financing for the subject property (e.g., condition, zoning, environmental, HOA, etc.)? |
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□ Yes □ No |
If yes, comment: |
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If the subject property is a common interest development (e.g., condo, townhouse, PUD), what is the ratio of owners to investors? |
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□ N/A |
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Owners: |
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Investors: |
% |
(total MUST equal 100%) |
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HOA Fees: $ |
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How often are they paid? |
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□ Monthly |
□ Quarterly |
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□ |
□ Annually |
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Items included in HOA Fees: □ Trash |
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□ Landscaping |
□ Snow Removal |
□ Exterior Building Maintenance |
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□ Security/Concierge Services |
□ Insurance |
□ Taxes |
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□ Amenities |
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□ Common Area Maintenance |
WATER |
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SEWER |
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□ Other: |
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Are you aware of any special assessments covered by the HOA? |
□ Yes |
□ No |
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If yes, indicate the amount of assessment: $ |
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Describe what the special assessment covers: |
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Subject Neighborhood (For purposes of this report, the subject neighborhood is defined by the preparer of this form. Identify what you regard as the |
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subject neighborhood and then use statistics that you have gathered which reflect that market area. Note: the neighborhood might be a MLS area, a |
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particular section of a town, a specific subdivision, or an entire community. This is described as the “micro area.”) |
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Subject neighborhood is defined as: |
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Price Range: $ |
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to $ |
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Property Values are: □ Increasing |
% in past |
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months |
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□ Stable |
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Average |
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days |
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□ Decreasing |
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(# of days) |
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% in past |
months |
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Calculate the months supply of inventory (Absorption Rate): |
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Type of competing listings |
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New Homes |
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% |
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Resale |
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% |
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Number of active listings ÷ |
Avg. number of sales per month |
= |
Number of months needed |
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REO/Foreclosure |
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% |
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for the last 6 months |
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to sell existing inventory |
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Corporate |
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% |
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Total (MUST equal 100%) |
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100% |
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Describe all marketing concessions/incentives being offered to buyers and/or brokers on competing properties: |
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CONDITIONS |
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Recommend any marketing concessions/incentives that should be offered for the subject: |
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MARKET |
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Describe major corporation(s) in this neighborhood that are moving into, out of, or planning layoffs: |
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Describe current economic conditions (positive or negative) that may have an Effect on the marketability of the property: |
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Broader Market Area (For purposes of this report, the broader market area is defined as that area beyond the subject neighborhood in which buyers will |
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look for comparable properties. This is described as the “macro area.” In some instances, the broader market area will be the same as the subject’s |
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neighborhood. If this is the case, indicate it below.) |
What do you consider the “broader market area” to be for this property? |
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Are there any specific issues in the broader market area which are not reflected in the specific neighborhood that might affect the sale of the subject property? Consider types of competing homes (e.g., new construction, REO’s); incentives or concessions that are occurring; economic conditions; a dramatically different price range than the subject; days on market; etc.
Copyright © 2008 by Worldwide ERC®
Rev. 01/07/2009 |
This Form Expire 12/31/2009 |
Page 3 of 6 |
COMPETING LISTINGS
ITEM |
SUBJECT |
Competing Listing #1 |
Competing Listing #2 |
Competing Listing #3 |
||||||||||||
Address, City |
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Current MLS # |
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Proximity to Subject |
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Original List Price |
$ |
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$ |
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$ |
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$ |
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Current List Price |
$ |
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$ |
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$ |
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$ |
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Seller Concessions |
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Last Price Change Date |
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from original list date |
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Previous listing history for last |
Orig. List Price $ |
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Orig. List Price $ |
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Orig. List Price $ |
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Orig. List Price $ |
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Last List Price $ |
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Last List Price |
$ |
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Last List Price |
$ |
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Last List Price |
$ |
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12 months |
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DOM: |
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DOM: |
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DOM: |
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DOM: |
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Style |
□ Brick |
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□ Wood |
□ Brick |
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□ Wood |
□ Brick |
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□ Wood |
□ Brick |
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□ Wood |
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□ Composite |
□ Stone |
□ Composite |
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□ Stone |
□ Composite |
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□ Stone |
□ Composite |
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□ Stone |
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Exterior Finish |
□ Aluminum |
□ Stucco |
□ Aluminum |
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□ Stucco |
□ Aluminum |
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□ Stucco |
□ Aluminum |
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□ Stucco |
|||||
(Check all that apply) |
□ Synthetic Stucco |
□ Vinyl |
□ Synthetic Stucco |
□ Vinyl |
□ Synthetic Stucco |
□ Vinyl |
□ Synthetic Stucco |
□ Vinyl |
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□ Hardcoat Stucco |
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□ Hardcoat Stucco |
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□ Hardcoat Stucco |
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□ Hardcoat Stucco |
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□ Other: |
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□ Other: |
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□ Other: |
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□ Other: |
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□ Composite |
□ Slate |
□ Composite |
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□ Slate |
□ Composite |
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□ Slate |
□ Composite |
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□ Slate |
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Roof Type |
□ Tar |
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□ Tile |
□ Tar |
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□ Tile |
□ Tar |
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□ Tile |
□ Tar |
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□ Tile |
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□ Wood shake |
□ Tin |
□ Wood shake |
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□ Tin |
□ Wood shake |
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□ Tin |
□ Wood shake |
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□ Tin |
||||||
(Check all that apply) |
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□ Asphalt shingle |
□ Copper |
□ Asphalt shingle |
□ Copper |
□ Asphalt shingle |
□ Copper |
□ Asphalt shingle |
□ Copper |
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□ Other: |
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□ Other: |
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□ Other: |
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□ Other: |
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□ None |
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□ None |
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□ None |
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□ None |
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□ Garage |
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# of Cars |
□ Garage |
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# of Cars |
□ Garage |
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# of Cars |
□ Garage |
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# of Cars |
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□ Attached |
□ Attached |
□ Attached |
□ Attached |
||||||||||||
Car Storage/Type |
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□ Detached |
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□ Detached |
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□ Detached |
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□ Detached |
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□ |
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□ |
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□ |
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□ |
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(Check all that apply) |
□ Carport |
□ Carport |
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□ Carport |
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□ Carport |
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□ Attached |
□ Attached |
□ Attached |
□ Attached |
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□ Detached |
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□ Detached |
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□ Detached |
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□ Detached |
||||||||
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□ Other: |
□ |
□ Other: |
□ |
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□ Other: |
□ |
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□ Other: |
□ |
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Year Built |
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Lot Size |
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Appx. Gross Living Area |
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Sq. Ft |
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Sq. Ft |
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Sq. Ft |
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Sq. Ft |
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Above Grade Room Count |
Tot |
Brms. |
Baths |
Tot. |
Brms. |
Baths |
Tot. |
Brms. |
Baths |
Tot. |
Brms. |
Baths |
||||
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Basement |
□ None |
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□ Partial |
□ None |
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□ Partial |
□ None |
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□ Partial |
□ None |
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□ Partial |
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□ SLAB |
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□ Full |
□ SLAB |
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□ Full |
□ SLAB |
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□ Full |
□ SLAB |
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□ Full |
||
(Check all that apply) |
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□ Crawl Space |
□ Crawl Space |
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□ Crawl Space |
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□ Crawl Space |
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Basement Finish |
□ None |
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□ Partial |
□ None |
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□ Partial |
□ None |
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□ Partial |
□ None |
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□ Partial |
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Attic (Check all that apply) |
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□ Crawl Space |
□ Full |
□ Crawl Space |
|
□ Full |
□ Crawl Space |
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□ Full |
□ Crawl Space |
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□ Full |
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Attic Access |
□ Walkup |
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□ Hatch |
□ Walkup |
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□ Hatch |
□ Walkup |
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□ Hatch |
□ Walkup |
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□ Hatch |
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□ Pull down steps |
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□ Pull down steps |
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□ Pull down steps |
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□ Pull down steps |
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Bonus Room |
□ None |
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□ Barn |
□ None |
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□ Barn |
□ None |
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□ Barn |
□ None |
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□ Barn |
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Detached Structures |
□ Guest House |
□ Studio |
□ Guest House |
|
□ Studio |
□ Guest House |
|
□ Studio |
□ Guest House |
|
□ Studio |
|||||
(Check all that apply) |
□ Pool House |
□ Shed |
□ Pool House |
|
□ Shed |
□ Pool House |
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□ Shed |
□ Pool House |
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□ Shed |
|||||
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□ Other: |
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□ Other: |
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□ Other: |
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□ Other: |
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Deck/Patio |
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Pool/Spa |
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Fireplace(s) |
□ Public |
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□ Private |
□ Public |
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□ Private |
□ Public |
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□ Private |
□ Public |
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□ Private |
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Water Supply |
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|||||||||
□ Community |
□ Well |
□ Community |
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□ Well |
□ Community |
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□ Well |
□ Community |
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□ Well |
||||||
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|||||||||||||
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□ Septic |
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□ Sewer |
□ Septic |
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□ Sewer |
□ Septic |
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□ Sewer |
□ Septic |
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□ Sewer |
|
Waste Disposal |
□ Cesspool |
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□ Cesspool |
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□ Cesspool |
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□ Cesspool |
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|||||
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□ Other: |
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□ Other: |
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□ Other: |
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□ Other: |
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Type of Air Conditioning |
□ None |
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□ Central |
□ None |
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□ Central |
□ None |
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□ Central |
□ None |
|
□ Central |
||||
□ Window/Wall |
□ Heat Pump |
□ Window/Wall |
□ Heat Pump |
□ Window/Wall |
□ Heat Pump |
□ Window/Wall |
□ Heat Pump |
|||||||||
(Check all that apply) |
||||||||||||||||
□ Other: |
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□ Other: |
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□ Other: |
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□ Other: |
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||
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|||||
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□ None |
|
□ Gas |
□ None |
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□ Gas |
□ None |
|
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□ Gas |
□ None |
|
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□ Gas |
|
|
□ Propane |
|
□ Electric |
□ Propane |
|
|
□ Electric |
□ Propane |
|
|
□ Electric |
□ Propane |
|
|
□ Electric |
|
Type of Heating System |
□ Radiant |
|
□ Oil |
□ Radiant |
|
|
□ Oil |
□ Radiant |
|
|
□ Oil |
□ Radiant |
|
|
□ Oil |
|
□ Wood stove |
□ Solar |
□ Wood stove |
|
□ Solar |
□ Wood stove |
|
□ Solar |
□ Wood stove |
|
□ Solar |
||||||
(Check all that apply) |
|
|
|
|||||||||||||
□ Base Board |
□ Coal |
□ Base Board |
|
□ Coal |
□ Base Board |
|
□ Coal |
□ Base Board |
|
□ Coal |
||||||
|
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|
|||||||||||||
|
□ Heat pump |
□ Radiator |
□ Heat pump |
|
□ Radiator |
□ Heat pump |
|
□ Radiator |
□ Heat pump |
|
□ Radiator |
|||||
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□ Other: |
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□ Other: |
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□ Other: |
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□ Other: |
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Location |
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|
|
□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
||||
Lot Characteristics |
|
|
|
□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
||||
View |
|
|
|
□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
||||
Floor Plan Utility |
|
|
|
□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
||||
Ext. Condition’s Appeal |
|
|
|
□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
||||
Int. Condition’s Appeal |
|
|
|
□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
||||
Overall Rating of Listings as |
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|
|
□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
||||
Compared to Subject |
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Listing #1: Date inspected: |
Comments: |
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||
Listing #2: Date inspected: |
Comments: |
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|
||
Listing #3: Date inspected: |
Comments: |
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|
||
Copyright © 2008 by Worldwide ERC®
Rev. 01/07/2009 |
This Form Expires 12/31/2009 |
Page 4 of 6 |
Instructions: Select sales within the last six months which are suitable and similar to the subject property and within the same/similar market area.
COMPARABLE SALES
ITEM |
SUBJECT |
Comparable Sale #1 |
Comparable Sale #2 |
Comparable Sale #3 |
|||||||||
Address, City |
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MLS # |
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Proximity to Subject |
|
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Original List Price |
$ |
|
|
$ |
|
|
$ |
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$ |
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Final List Price |
|
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|
$ |
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$ |
|
|
$ |
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|
Sales Price |
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|
$ |
|
|
$ |
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$ |
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Seller Concessions |
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Under Contract Date |
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Closing Date |
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||
from original list date |
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|
Previous listing history for last |
Orig. List Price $ |
|
Orig. List Price $ |
|
Orig. List Price $ |
|
Orig. List Price $ |
|
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Last List Price $ |
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Last List Price $ |
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Last List Price $ |
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Last List Price $ |
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12 months |
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DOM: |
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DOM: |
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DOM: |
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DOM: |
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Style |
□ Brick |
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□ Wood |
□ Brick |
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□ Wood |
□ Brick |
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□ Wood |
□ Brick |
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□ Wood |
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□ Composite |
□ Stone |
□ Composite |
□ Stone |
□ Composite |
□ Stone |
□ Composite |
□ Stone |
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Exterior Finish |
□ Aluminum |
□ Stucco |
□ Aluminum |
□ Stucco |
□ Aluminum |
□ Stucco |
□ Aluminum |
□ Stucco |
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(Check all that apply) |
□ Synthetic Stucco |
□ Vinyl |
□ Synthetic Stucco |
□ Vinyl |
□ Synthetic Stucco |
□ Vinyl |
□ Synthetic Stucco |
□ Vinyl |
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□ Hardcoat Stucco |
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□ Hardcoat Stucco |
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□ Hardcoat Stucco |
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□ Hardcoat Stucco |
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□ Other: |
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□ Other: |
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□ Other: |
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□ Other: |
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□ Composite |
□ Slate |
□ Composite |
□ Slate |
□ Composite |
□ Slate |
□ Composite |
□ Slate |
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Roof Type |
□ Tar |
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□ Tile |
□ Tar |
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□ Tile |
□ Tar |
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□ Tile |
□ Tar |
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□ Tile |
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□ Wood shake |
□ Tin |
□ Wood shake |
□ Tin |
□ Wood shake |
□ Tin |
□ Wood shake |
□ Tin |
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(Check all that apply) |
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□ Asphalt shingle |
□ Copper |
□ Asphalt shingle |
□ Copper |
□ Asphalt shingle |
□ Copper |
□ Asphalt shingle |
□ Copper |
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□ Other: |
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□ Other: |
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□ Other: |
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□ Other: |
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□ None |
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□ None |
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□ None |
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□ None |
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□ Garage |
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# of Cars |
□ Garage |
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# of Cars |
□ Garage |
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# of Cars |
□ Garage |
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# of Cars |
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□ Attached |
□ Attached |
□ Attached |
□ Attached |
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Car Storage/Type |
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□ Detached |
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□ Detached |
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□ Detached |
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□ Detached |
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□ |
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□ |
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□ |
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□ |
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(Check all that apply) |
□ Carport |
□ Carport |
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□ Carport |
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□ Carport |
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□ Attached |
□ Attached |
□ Attached |
□ Attached |
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□ Detached |
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□ Detached |
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□ Detached |
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□ Detached |
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□ Other: |
□ |
□ Other: |
□ |
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□ Other: |
□ |
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□ Other: |
□ |
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Year Built |
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Lot Size |
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Appx. Gross Living Area |
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Sq. Ft |
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Sq. Ft |
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Sq. Ft |
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Sq. Ft |
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Above Grade Room Count |
Tot. |
Brms. |
Baths |
Tot. |
Brms. |
Baths |
Tot. |
Brms. |
Baths |
Tot. |
Brms. |
Baths |
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Basement |
□ None |
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□ Partial |
□ None |
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□ Partial |
□ None |
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□Partial |
□ None |
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□ Partial |
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□ SLAB |
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□ Full |
□ SLAB |
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□ Full |
□ SLAB |
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Full |
□ SLAB |
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□ Full |
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(Check all that apply) |
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□ Crawl Space |
□ Crawl Space |
□ Crawl Space |
□ Crawl Space |
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Basement Finish |
□ Full |
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□ Partial |
□ Full |
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□ Partial |
□ Full |
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□ Partial |
□ Full |
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□ Partial |
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Attic (Check all that apply) |
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□ Crawl Space |
□ None |
□ Crawl Space |
□ None |
□ Crawl Space |
□ None |
□ Crawl Space |
□ None |
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Attic Access |
□ Walkup |
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□ Hatch |
□ Walkup |
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□ Hatch |
□ Walkup |
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□ Hatch |
□ Walkup |
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□ Hatch |
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□ Pull down steps |
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□ Pull down steps |
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□ Pull down steps |
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□ Pull down steps |
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Bonus Room |
□ None |
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□ Barn |
□ None |
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□ Barn |
□ None |
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□ Barn |
□ None |
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□ Barn |
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Detached Structures |
□ Guest House |
□ Studio |
□ Guest House |
□ Studio |
□ Guest House |
□ Studio |
□ Guest House |
□ Studio |
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(Check all that apply) |
□ Pool House |
□ Shed |
□ Pool House |
□ Shed |
□ Pool House |
□ Shed |
□ Pool House |
□ Shed |
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□ Other: |
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□ Other: |
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□ Other: |
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□ Other: |
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Deck/Patio |
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Pool/Spa |
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Fireplace(s) |
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Water Supply |
□ Public |
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□ Private |
□ Public |
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□ Private |
□ Public |
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□ Private |
□ Public |
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□ Private |
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□ Community |
□ Well |
□ Community |
□ Well |
□ Community |
□ Well |
□ Community |
□ Well |
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□ Septic |
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□ Sewer |
□ Septic |
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□ Sewer |
□ Septic |
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□ Sewer |
□ Septic |
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□ Sewer |
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Waste Disposal |
□ Cesspool |
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□ Cesspool |
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□ Cesspool |
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□ Cesspool |
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□ Other: |
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□ Other: |
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□ Other: |
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□ Other: |
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Type of Air Conditioning |
□ None |
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□ Central |
□ None |
□ Central |
□ None |
□ Central |
□ None |
□ Central |
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□ Window/Wall |
□ Heat Pump |
□ Window/Wall □ Heat Pump |
□ Window/Wall □ Heat Pump |
□ Window/Wall □ Heat Pump |
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(Check all that apply) |
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□ Other: |
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□ Other: |
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□ Other: |
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□ Other: |
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□ None |
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□ Gas |
□ None |
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□ Gas |
□ None |
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□ Gas |
□ None |
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□ Gas |
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□ Propane |
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□ Electric |
□ Propane |
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□ Electric |
□ Propane |
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□ Electric |
□ Propane |
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□ Electric |
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Type of Heating System |
□ Radiant |
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□ Oil |
□ Radiant |
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□ Oil |
□ Radiant |
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□ Oil |
□ Radiant |
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□ Oil |
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□ Wood stove |
□ Solar |
□ Wood stove |
□ Solar |
□ Wood stove |
□ Solar |
□ Wood stove |
□ Solar |
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(Check all that apply) |
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□ Base Board |
□ Coal |
□ Base Board |
□ Coal |
□ Base Board |
□ Coal |
□ Base Board |
□ Coal |
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□ Heat pump |
□ Radiator |
□ Heat pump |
□ Radiator |
□ Heat pump |
□ Radiator |
□ Heat pump |
□ Radiator |
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□ Other: |
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□ Other: |
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□ Other: |
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□ Other: |
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Location |
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□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
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Lot Characteristics |
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□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
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View |
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□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
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Floor Plan Utility |
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□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
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Ext. Condition’s Appeal |
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□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
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Int. Condition’s Appeal |
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□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
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Overall Rating of Sales as |
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□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
□ Superior |
□ Similar |
□ Inferior |
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Compared to Subject |
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Sales #1: Inspected? □ Yes |
□ No Comments: |
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Sales #2: Inspected?
□Yes
□ No Comments:
Sales #3: Inspected?
□Yes
□ No Comments:
Copyright © 2008 by Worldwide ERC®
Rev. 01/07/2009 |
This Form Expires 12/31/2009 |
Page 5 of 6 |
MOST LIKELY |
BUYER(S) |
MARKETING STRATEGY |
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VALUE |
ANALYSIS |
SIGNATURES |
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Check all that apply: |
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□ Local Buyer |
□ Transferee |
□ International Buyer |
□ |
□ |
□ Empty Nester |
□ Military |
□ Parent Purchaser for Child |
□ |
□ Investor |
□ |
□ Other: |
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What are the three - five challenges to getting this property sold?
1.
2.
3.
4.
5.
What are the three - five actions necessary to address the challenges identified above?
1.
2.
3.
4.
5.
What are the top five creative ideas you will use in marketing this property keeping in mind the challenges and actions identified above?
1.
2.
3.
4.
5.
Additional Comments:
Most Likely Sales Price (MLSP): $ |
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Suggested List Price (SLP): $ |
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The MLSP is based on “as is” condition and a marketing time not to exceed |
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days to a contract of sale. |
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(# of days) |
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File #: |
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Real Estate Firm: |
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Real Estate Firm Tax ID #: |
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Date of Inspection: |
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Contact Name: |
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Agent Preparer Name: |
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Contact Signature: |
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Agent Preparer Signature: |
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Copyright © 2008 by Worldwide ERC®
Rev. 01/07/2009 |
This Form Expires 12/31/2009 |
Page 6 of 6 |
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