| RESIDENTIAL |
COMMERCIAL |
LAND |
| |
|
|
| What was the previous sale date
and price? |
What was the previous sale date
and price? |
HIGHEST AND BEST USE |
| What items, if any, need repair? |
What items, if any, need repair? |
|
| Estimated cost of repairs and time
to do them? |
Estimated cost of repairs and time
to do them? |
What is the highest and best use
for this land? |
| |
|
|
| THE NEIGHBORHOOD |
INCOME |
Cost to develop to highest and
best use. |
| |
|
How will costs be spent? |
| Predominantly owner-occupied,
rentals, commercial etc. |
What is the gross and net
operating income? Attach
operating statement. |
|
| Describe any adverse conditions?
(Aircraft flight path, overhead power lines, busy road etc.) |
EXPENSES |
ZONING |
| Are buildings in area fully
occupied? If not, are they abandoned or boarded up? |
What are the expenses? Utilities,
maintenance, advertising, management, leasing commissions etc. |
What is current zoning? What
zoning is needed? How hard to get zoning change if needed? How long? |
| Is the community improving or
declining? |
TYPE OF PROPERTY |
|
| Are values going up or down? |
|
HOLDING COSTS |
| |
Apartments, offices, strip
shopping center etc. |
|
| THE PROPERTY |
|
Current property taxes. Insurance.
Grass cutting, trash removal etc. |
| |
WHAT IS THE LOCAL COMPETITION |
Any current income? Timber,
grazing etc. |
| Lot and building size |
|
|
| Out buildings |
How do they compare, rental rates,
facilities etc. |
PERMITS |
| Age of property |
|
|
| Heating/cooling systems |
BUYERS EXPERIENCE |
Have any development permits been
obtained? Describe. |
| Water systems (city, well etc.) |
|
What extra permits are needed?
Costs of getting. Impact fees. Neighborhood opposition. |
| Sewage (city, septic tank etc.) |
What is the buyer's experience
with this type of property. |
BUYERS / OWNERS EXPERIENCE |
| Conforming use to current code |
|
|
| Type of parking (garage, carport,
off-street, none) |
POSSIBLE HAZARDS |
What is the buyers (or owners) experience
with developing this type of property. If applicable. |
| Basement (finished or unfinished) |
Gas tanks, dry cleaning fluids,
asbestos etc. |
|
| Roof type and how old |
|
CURRENT IMPROVEMENTS |
| When exterior last painted |
ALTERNATIVE USES IF ANY |
|
| Type of exterior (frame, concrete
block, brick etc.) |
|
Roads, paving, curbs, sidewalks,
sewer, septic tanks, electric, cable, phones etc. |
| Describe interior, number of
bedrooms, bathrooms, modern kitchen etc. |
CURRENT ZONING |
|
| Type of foundation |
PARKING |
POSSIBLE NUMBER OF LOTS (if
applicable) |
| Owner-occupied, second home or
rented |
NEIGHBORING PROPERTIES |
|
| Rents payable |
|
How many sold? How many improved? |
| |
LOCAL MARKET CONDITIONS |
What type of buildings put up? How
many? |
| PICTURES |
|
Age of subdivision? |
| |
Vacancies, rent levels etc. |
|
| Inside and out. |
|
PICTURES AND PLAT MAPS |
| |
PICTURES |
|
| |
|
Pictures from air are a bonus. |
| |
Inside and out. Including parking
lot. |
|
