Market-Sales Comparison Approach. (1) The market-sales comparison approach, when utilized, shall be implemented by calibrating and applying valuation models as follows: (a) Contractor shall qualify, analyze, and use sales as direct units of comparison in the valuation of residential, commercial, industrial and any other special use properties; (b) Investigate with documented analysis comparable sales; (c) Document the adjustments for specifics, which may include, but not be limited to: location; time; size; features; and, condition; (d) Document how the adjustments were derived; (e) Document final value reconciliation; and, (f) Document calibration of all sales comparison tables and models.
Appears in 5 contracts
Samples: Cyclical Revaluation Contract, Full Revaluation Contract, Full Statistical Revaluation Contract
Market-Sales Comparison Approach. (1) The market-sales comparison approach, when utilized, shall be implemented by calibrating and applying valuation models as follows:
(a) Contractor shall qualify, analyze, and use sales as direct units of comparison in the valuation of residential, commercial, industrial and any other special use properties;
(b) Investigate with documented analysis comparable sales;
(c) Document the adjustments for specifics, which may include, but not be limited to: to location; time; size; features; and, condition;
(d) Document how the adjustments were derived;
(e) Document final value reconciliation; and,
(f) Document calibration of all sales comparison tables and models.
Appears in 1 contract
Samples: Agreement for Statistical Update to the Assessed Values 2020
Market-Sales Comparison Approach. (1) The market-sales comparison approach, when utilized, shall be implemented by calibrating and applying valuation models as follows:
(a) Contractor shall qualify, analyze, and use sales as direct units of comparison in the valuation of residential, commercial, industrial and any other special use properties;
(b) Investigate with documented analysis comparable sales;
(c) Document the adjustments for specifics, which may include, but not be limited to: location; time; size; features; and, condition;
(d) Document how the adjustments were derived;
(e) Document final value reconciliation; and,
(f) Document calibration of all sales comparison tables and models.
Appears in 1 contract
Samples: Full Revaluation Contract
