Jane Jones has applied for a mortgage loan from the Bank of Mississippi. The bank requested from you an appraisal of the property using the sales comparison approach. (4 points) Elements of Comparison Sales Price of Comparable Transaction Adjustments Property rights conveyed Financing terms Conditions of sale Expenditure inmed. after purchase Market Condition (Sale date Months Prior) Adj. for market conditions (Months Prior Sale Subject Comparable 1 Comparable 2 Comparable 3 $176,000 $172,000 $163,000 Fee Simple Same Same Same Conventional Same Same Same Arms Length Same Same Same None None None: None Today 0 4 12 Adjusted price: Current Market conditions indicate an increase in property value of 0.25% per month. Answer in the space provided the following questions to fill in the highlighted areas of the appraisal 1. Put in the value adjustments for the market conditions in order from left to right, as if they were in each comparable sale column for 1, 2, and 3 with the appropriate + sign. Example: $200-$200-$300 2. What are the values of the comparable sale properties after the market condition adjustments? (in order from left to right as if they were in each comparable sale column for 1, 2, and 33 Fxample: $100,000: $120,000: $90,000

A builder is offering $131,554 loans for his properties at 9 percent for 25 years. Monthly payments are based on current market rates of 9.5 percent and are to be fully amortized over 25 years. The property would normally sell for $140,000 without any special financing. Required: a. At what price should the builder sell the properties to earn, in effect, the market rate of interest on the loan? Assume that the buyer would have the loan for the entire term of 25 years. b. At what price should the builder sell the properties to earn, in effect, the market rate of interest on the loan if the property is resold after 10 years and the loan repaid? Complete this question by entering your answers in the tabs below. Required A Required B At what price should the builder sell the properties to earn, in effect, the market rate of interest on the loan? Assume that the buyer would have the loan for the entire term of 25 years. (Do not round intermediate calculations. Round your final answer to the…

Colleges Software Guides Search Contact A sale of OMR 39 to S. Yusof was entered in the books as OMR 29, correction will be: O a. Debit Cash 10 and Credit Sales 10 O b. Debit Sales 10 and Credit S. Yusof 10 O c. Debit S. Yusof 10 and Credit Sales 10 O d. Debit S. Yusof 10 and Credit Bank 10 is that part of the original cost of a fixed asset that is consumed during its period of a. Debtors

Cost ConceptT On February 3, Gallatin Repair Service extended an offer of $152,000 for land that had been priced for sale at $173,000. On February 28, Gallatin Repair Service accepted the seller's counteroffer of $165,000. On October 23, the land was assessed at a value of $248,000 for property tax purposes. On January 15 of the next year, Gallatin Repair Service was offered $264,000 for the land by a national retail chain. At what value should the land be recorded in Gallatin Repair Service's records?