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Roll over the numbered icon to learn more about each feature. |
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Changes made to the form title on any page are updated and reflected on the other pages in the form automatically.
Expanded comment blocks for "Additional features" and "Conditions" allow for more descriptive and better commenting on the form, not in an
addendum.
To better support the appraiser's opinion of monthly market rent for the subject, the comparable rentals grid is now quantitative in nature, rather
than qualitative. By applying plus/minus dollar adjustments to the comparable rentals' monthly rents, the appraiser can clearly show his
reasoning in arriving at an indicated monthly market rent for each comparable rental, and why they were given different weights in deriving the
subject's market rent.
Utilities and furnishings that may be included in the rents can be subtracted from the monthly rents to get to a "cash equivalent". This allows
you to normalize all the properties to "apples and apples' before adjusting for real differences in the properties.
The "Total GLA" line was added to more accurately distinguish Gross Living Area from Gross Building Area (GBA), which may not be the same for
all properties. This helps to remove any ambiguity in the reported Sq. Ft.
Five extra rows here allow you to add additional elements and adjust on them if needed.
Expanded "Analysis of rental data" field allows for more commenting on the form, and less on an addendum.
New form pop-ups will allow you to choose whether "Unfurnished" or "Furnished" rents should be used and carried forward to the "Total Rents"
column. This allows you to show on the form both types of rents, and has been a popular request.
Each approach to value has an indicator that allows you to quickly and clearly indicate that an approach was not used and why the approach
fields may be blank.
By providing a GRM analysis grid, you can clearly and easily indicate and support the development of the subject's GRM.
The income approach has been moved to a more appropriate location immediately following the rent analysis.