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QUESTION 30 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 Subject Comparable 1 Comparable 2 Comparable 3 Sales Price of Comparable $175,900 $155,200 $135,000 Transaction Adjustments Property rights conveyed Fee Simple Same Same Same Financing terms Conventional Same Same Same Conditions of sale Arms Length Same Same Same Expenditure inmed, after purchase None None None None Market Condition (Sale date Months Prior) Today 0 5 24 Adj. for market conditions (Months Prior Sale Adjusted price Current Market conditions indicate an increase in property value of 0.35% 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 appropriato -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 Example: $100,000 $120.000 $90,000 For the toolbar.press ALT FCP) or ALT FN1F10 (Mac) I Paragraph Arial x T. a 14px

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