Accounts & Finance

"To evaluate a property for secured lending purposes in accordance with the International Valuation Standards (IVS), I will follow these steps:

Introduction and Property Description

Title Deed and Ownership Details

Valuation Approaches

Market Approach

Cost Approach (if applicable)

Comparative Evidence

Valuation Analysis

Conclusion

1. Introduction and Property Description

Property Address:

123 Main Street, Anytown, USA

Property Type:

Single-family residential home

Property Size:

2,500 square feet on a 0.25-acre lot

Description:

A two-story, four-bedroom, three-bathroom house built in 2010. The property includes a detached two-car garage, a landscaped garden, and a swimming pool.

2. Title Deed and Ownership Details

Owner:

John Doe

Title Deed:

[Include a scanned copy of the Title Deed]

3. Valuation Approaches

Market Approach

The Market Approach involves comparing the subject property with similar properties that have recently sold in the same or comparable areas.

Comparative Properties:

Property A:

Address: 125 Main Street, Anytown, USA

Sale Price: $500,000

Size: 2,400 square feet

Sale Date: March 2024

Features: Similar to the subject property but with a smaller lot size.

Property B:

Address: 130 Main Street, Anytown, USA

Sale Price: $520,000

Size: 2,600 square feet

Sale Date: January 2024

Features: Slightly larger than the subject property with an additional bathroom."