Presented above is an example of the sales grid section of a single family appraisal report. This section is based on the Direct Sales Comparison Approach which is especially applicable when there is an active market with a substantial volume of reliable data.

The subject property [your home] is represented in the first column and is described by its amenities including location, room count, gross living area, parking, view and lot size.

Sales of similar homes within this market area/neighborhood are placed on the grid and are compared or “adjusted” for differences in amenities. In the example above, Comp 1 is given a $10,000 adjustment to reflect an inferior neighborhood view as compared to the subject’s superior bay and city lights views. In other words, if the subject property and Comp 1 were identical except for the view, the subject would sell for $10,000 higher than Comp 1. Therefore, a positive $10,000 adjustment is applied.

After the sales have been compared for differences in amenities, they yield an adjusted value range for the subject property [located on the last line of the above grid]. Finally, this information is reconciled to determine the market value for the subject property.

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