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- Property Valuation System
- Process
- Comparable evidence
Comparable evidence
Select the subject unit and capture a comparable sale with a traceable source.
Step by step
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Select unit Valuation Coordinator
Valuation Coordinator identifies the property and unit, checks its area and reads its status before selecting sale evidence.
- Identifies the subject property and area
- Updates Units
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Inspect lease Valuation Coordinator
The coordinator follows the unit's lease and tenant connection. This lease becomes the operational reference for the comparable.
- Confirms the operational record for the unit
- Updates Leases, Parties
-
Capture comparable Valuation Coordinator
Record the sale address, date, price, area and source reference against that lease.
- Connects sale facts to the selected lease
- Updates Comparable sales, Leases
-
Check sale evidence Valuation Coordinator
Compare the record to the source. Confirm a usable reference, a sale date no later than today and positive price and area.
- Confirms the source, date and positive measures
- Updates Comparable sales
-
Read price per square foot Valuation Reviewer
Inspect the calculated figure beside the original price and area before taking the sale into adjustment review.
- Presents the calculated figure with its inputs
- Updates Comparable sales
Who does what
Roles and permissions- Valuation Coordinator
- Captures the sale.
- Valuation Reviewer
- Checks the source and its fit to the intended unit.
- Property Manager
- Resolves lease identity questions.
Set up Property Valuation System your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.