{"id":39956,"date":"2024-12-07T04:25:21","date_gmt":"2024-12-07T04:25:21","guid":{"rendered":"https:\/\/www.writemyessays.app\/blog\/questions\/market-valuation-report-using-the-sales-comparison-method-for-an-ongoing-property-development-project\/"},"modified":"2024-12-07T04:25:21","modified_gmt":"2024-12-07T04:25:21","slug":"market-valuation-report-using-the-sales-comparison-method-for-an-ongoing-property-development-project","status":"publish","type":"questions","link":"https:\/\/www.writemyessays.app\/blog\/questions\/market-valuation-report-using-the-sales-comparison-method-for-an-ongoing-property-development-project\/","title":{"rendered":"Market Valuation Report Using the Sales-Comparison Method for an Ongoing Property Development Project"},"content":{"rendered":"

For this assignment, use the sales-comparison valuation method<\/strong> to estimate the value of the chosen site (115\/55 Currong Street, Braddon ACT 2612<\/strong>) for the ongoing property development project. The assignment involves:<\/p>\n

    \n
  1. Providing relevant comparable sales properties.<\/li>\n
  2. Conducting research into the sales-comparison valuation method<\/strong> to understand its application.<\/li>\n
  3. Justifying the value of the chosen site by presenting a detailed valuation report.<\/li>\n<\/ol>\n

    To complete this assignment, you will need to fulfill the following components:<\/p>\n

      \n
    1. Identification of Comparables:
      <\/strong>This information is provided in detail in the <\/em>Assessment Paper<\/strong>, which includes the table format and additional guidelines.
      <\/em><\/li>\n
    2. \n
        \n
      • Conduct research to find four comparable sales properties<\/strong> as similar as possible to the chosen site. Comparables should ideally have been sold within the last 6 months.<\/li>\n
      • Provide pictures of the properties where possible and complete a table for each of the four comparables and the chosen site. The table should include the following fields:<\/li>\n
      • \n
          \n
        • Sold Price<\/strong><\/li>\n
        • Size of building (sqm)<\/strong><\/li>\n
        • Size of erf\/stand (sqm)<\/strong><\/li>\n
        • Number of bedrooms<\/strong><\/li>\n
        • Number of bathrooms<\/strong><\/li>\n
        • Parking<\/strong><\/li>\n
        • Date sold<\/strong><\/li>\n
        • Address<\/strong><\/li>\n
        • Additional features
          <\/strong><\/li>\n<\/ul>\n<\/li>\n
        • For the chosen site, provide the asking price if sold data is unavailable and leave the “Date Sold” field blank.<\/li>\n
        • Justify the choice of comparables, explaining their relevance and accuracy.<\/li>\n<\/ul>\n<\/li>\n
        • Market Valuation Report (600 words max):
          <\/strong><\/li>\n
        • \n
            \n
          • Conduct further research into the sales-comparison valuation method<\/strong> and combine this with the notes and the identified comparables to estimate the market value of the property.<\/li>\n
          • Write a summary report<\/strong>, no longer than 600 words (excluding references), that defends the market valuation. The process and factors considered must be clearly explained.<\/li>\n
          • Include the following key points (as specified in the assignment document):<\/li>\n
          • \n
              \n
            • Briefly evaluate the macro economy<\/strong> and explain its impact on the valuation, if any.<\/li>\n
            • Briefly evaluate the local area and property market<\/strong> and explain their impact on the valuation, if any.<\/li>\n
            • Explain what motivated your choice of comparables and why they are the most accurate comparables.<\/li>\n
            • Highlight the sources of information<\/strong> that were most useful for your valuation.<\/li>\n
            • Discuss the features of the property<\/strong> that caused you to increase or decrease its value.<\/li>\n
            • Detail the adjustments made<\/strong> in the valuation, including specific amounts or percentages where applicable.<\/li>\n
            • Provide the final market value<\/strong> of the property based on the sales-comparison approach.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n

              Refer to the following provided documents:<\/strong><\/p>\n

                \n
              • Assessment Paper:<\/strong> Includes direct questions, a table for the chosen site and comparables, and detailed instructions for the report.<\/li>\n
              • Referencing Format and Notes:<\/strong> For citation and to incorporate relevant learning materials.<\/li>\n
              • Previous Assessment Paper:<\/strong> To ensure continuity and alignment with the ongoing project.<\/li>\n<\/ul>\n

                Ensure the report is concise, original, and adheres to APA 7<\/strong> referencing format.<\/p>\n","protected":false},"excerpt":{"rendered":"

                For this assignment, use the sales-comparison valuation method to estimate the value of the chosen site (115\/55 Currong Street, Braddon ACT 2612) for the ongoing property development project. The assignment involves: Providing relevant comparable sales properties. Conducting research into the sales-comparison valuation method to understand its application. Justifying the value of the chosen site by […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[128],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/39956"}],"collection":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/comments?post=39956"}],"version-history":[{"count":0,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/39956\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/media?parent=39956"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/disciplines?post=39956"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/paper_types?post=39956"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/tagged?post=39956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}