Worldwide ERC
®
Broker’s Market Analysis and Strategy Report
Purpose: This report is designed to enable the real estate broker to conduct a diligent analysis of the subject property’s condition, competition, and future
marketability. Based on this analysis, the broker is to estimate the subject property’s Most Likely Sales Price.
This is not
a home inspection. Nor is this an appraisal; this comparative market analysis has not been performed in accordance with the Uniform Standards of
Professional Appraisal Practice. It is not to be construed as an appraisal and may not be used as such for any purpose. Preparers of this form need to be aware
of any state-specific disclosure requirements and include them in this form as appropriate.
Procedural Guidelines: For procedures on contacting homeowner, inspecting property, submitting report, and providing photos, follow the requesting company’s
guidelines. The Most Likely Sales Price (MLSP) is based on “as is” condition and a marketing time not to exceed 120 days to a contract of sale or as directed by
the client.
File #: Homeowner(s):
Property Address: Home Phone #:
City, State, Zip: Work Phone #:
BMA Requested by (Co. & Contact): e-mail:
Requesting Co. Address: Phone #:
City, State, Zip: Fax #:
Real Estate Firm:
Contact Name: e-mail:
Real Estate Firm Address: Phone #:
City, State, Zip: Fax #:
ASSIGNMENT INFORMATION
Agent Preparer: Phone #:
Homeowner’s purchase price: $ Date purchased:
Improvements made by homeowner if any:
Is the subject currently listed? Yes No Listing Company/Agent:
Form of Ownership: Fee Simple Leasehold Occupant: Homeowner Tenant Vacant
Type: Condo Coop PUD Single Family Mixed Use Town House Modular Mobile Home
Other:
SUBJECT INFORMATION
Indicate any personal property that remains (e.g., refrigerator, range, etc):
Subject’s location type: Urban Suburban Distant suburban Rural Farm Resort
Lot Characteristics: positive/negative (explain):
Subject’s view: positive/negative (explain):
Locational issues of which you are aware that may affect the insurability of the property:
Site Characteristics of which you are aware (check all that apply):
Private Street Access Private Street Maintenance Gated Alley
Easements/Encroachments Sidewalk Curbs/Gutters Street Lighting
Paved Street Surface Paved Driveway Surface
SUBJECT LOCATION
Miscellaneous of which you are aware (check all that apply):
Maintenance issues with neighboring properties Excess acreage or land Mobile homes/trailer park nearby
Subject located on or near designated environmental sites Location next to agricultural area Close proximity to hospital/firehouse, etc.
Neighborhood has restrictive covenants Subject located near railroad tracks Audible street or highway noise present
Located on or backs up to busy/main street Location in flood plain Location in earthquake zone
Location next to school or public park Property located on corner lot Access to subject property
Location near/in view of power lines/water towers/ radio towers Location next to industrial area Located on airport flight path
Additional Comments:
MISCELLANEOUS
Check all other items of which you are aware that may affect the marketability or value of the subject property and comment below:
Style of home not typical for the area Subject is over improved Subject is under improved
Inadequate parking Functional obsolescence Steep driveway
Proposed land use change Little sales activity in area or price range Estimated time to sell is more than 120 days
Proposed or pending assessments Property taxes not typical for area HOA has first right of refusal
HOA does not allow “for sale” signs on property HOA fees not typical for the area Other
Comments:
Copyright © 2008 by Worldwide ERC
®
Rev. 01/07/2009 Page 1 of 6
For use only with Lexicon Relocation, LLC assignments.
This Form is licensed to Lexicon Relocation, LLC by Worldwide ERC®
Copyright © 2008 by Worldwide ERC
®
Rev. 01/07/2009 Page 2 of 6
Property Condition
For all the following of which you are aware or observe in viewing the property, check the appropriate box(es) and describe:
Décor of home is personalized or dated:
Incomplete construction:
Evidence of past or present water damage:
Cracks or stains on walls, floors, or ceilings:
Oil tank (abandoned):
Oil tank (in use):
Underground storage tank (abandoned):
Underground storage tank (in use):
Synthetic stucco:
Suspected structural problems:
Evidence of odor:
Evidence of pet damage:
Evidence of deferred maintenance:
Additional Comments:
Recommended Repairs and Improvements
Interior Items R&I Estimates
Paint Estimated cost per item: $ Comment:
Flooring Estimated cost per item: $ Comment:
Wall paper removal Estimated cost per item: $ Comment:
Appliances Estimated cost per item: $ Comment:
Cabinets Estimated cost per item: $ Comment:
Light fixtures Estimated cost per item: $ Comment:
Countertops Estimated cost per item: $ Comment:
Bathroom fixtures Estimated cost per item: $ Comment:
Other: Estimated cost per item: $ Comment:
Other: Estimated cost per item: $ Comment:
Other: Estimated cost per item: $ Comment:
Total Estimated Cost for Interior Repairs $
Exterior Items R&I Estimates
Landscaping Estimated cost per item: $ Comment:
Paint Estimated cost per item: $ Comment:
Driveway/walkway Estimated cost per item: $ Comment:
Porch/deck Estimated cost per item: $ Comment:
Pool Estimated cost per item: $ Comment:
Spa Estimated cost per item :$ Comment:
Gutters Estimated cost per item: $ Comment:
Siding Estimated cost per item: $ Comment:
Trim Estimated cost per item: $ Comment:
Roof Estimated cost per item: $ Comment:
Detached structures Estimated cost per item: $ Comment:
Debris removal Estimated cost per item: $ Comment:
Windows and screens Estimated cost per item: $ Comment:
Other: Estimated cost per item: $ Comment:
Other: Estimated cost per item: $ Comment:
Other: Estimated cost per item: $ Comment:
SUBJECT CONDITION
Total Estimated Cost for Exterior Repairs $
List all required, customary and additionally recommended inspections (e.g., municipal, certificate of occupancy, environmental, etc.):
Required:
Customary:
Additionally recommended for the subject property:
Subject property issues of which you are aware that may affect insurability of the subject property:
INSPECTIONS/DISCLOSURES
List all required disclosures:
For use only with Lexicon Relocation, LLC assignments.
This Form is licensed to Lexicon Relocation, LLC by Worldwide ERC®
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Copyright © 2008 by Worldwide ERC
®
Rev. 01/07/2009 Page 3 of 6
Identify the most probable means of financing for the subject: FHA VA Cash Conventional mortgage—conforming or jumbo
Other:
Describe the terms of the financing type identified above:
Identify and describe any financing concessions that may be necessary to secure the sale of the subject property.
Points:
Closing Costs:
Other:
Do you anticipate any issues that may affect the ability to secure financing for the subject property (e.g., condition, zoning, environmental, HOA, etc.)?
Yes No If yes, comment:
If the subject property is a common interest development (e.g., condo, townhouse, PUD), what is the ratio of owners to investors? N/A
Owners: % Investors: % (total must equal 100%)
HOA Fees: $ How often are they paid? Monthly Quarterly Semi-annually Annually
Items included in HOA Fees: Trash Pick-up Landscaping Snow Removal Exterior Building Maintenance
Security/Concierge Services Insurance Taxes Amenities
Common Area Maintenance Water Sewer
Other:
Are you aware of any special assessments covered by the HOA? Yes No
If yes, indicate the amount of assessment: $
FINANCING
Describe what the special assessment covers:
Subject Neighborhood (For purposes of this report, the subject neighborhood is defined by the preparer of this form. Identify what you regard as the
subject neighborhood and then use statistics that you have gathered which reflect that market area. Note: the neighborhood might be a MLS area, a
particular section of a town, a specific subdivision, or an entire community. This is described as the “micro area.”)
Subject neighborhood is defined as:
Price Range: $ to $
Average Days-on-Market (list to contract) days
(# of days)
Property Values are: Increasing % in past months
Stable
Decreasing % in past months
Type of competing listings
New Homes %
Resale %
REO/Foreclosure %
Corporate %
Calculate the months supply of inventory (Absorption Rate):
Number of active listings ÷ Avg. number of sales per month = Number of months needed
for the last 6 months to sell existing inventory
Total (Must equal 100%) 100%
Describe all marketing concessions/incentives being offered to buyers and/or brokers on competing properties:
Recommend any marketing concessions/incentives that should be offered for the subject:
Describe major corporation(s) in this neighborhood that are moving into, out of, or planning layoffs:
Describe current economic conditions (positive or negative) that may have an effect on the marketability of the property:
Broader Market Area (For purposes of this report, the broader market area is defined as that area beyond the subject neighborhood in which buyers will
look for comparable properties. This is described as the “macro area.” In some instances, the broader market area will be the same as the subject’s
neighborhood. If this is the case, indicate it below.) What do you consider the “broader market area” to be for this property?
MARKET CONDITIONS
Are there any specific issues in the broader market area which are not reflected in the specific neighborhood that might affect the sale of the subject
property? Consider types of competing homes (e.g., new construction, REO’s); incentives or concessions that are occurring; economic conditions; a
dramatically different price range than the subject; days on market; etc.
For use only with Lexicon Relocation, LLC assignments.
This Form is licensed to Lexicon Relocation, LLC by Worldwide ERC®
Copyright © 2008 by Worldwide ERC
®
Rev. 01/07/2009 Page 4 of 6
ITEM SUBJECT Competing Listing #1 Competing Listing #2 Competing Listing #3
Address, City
Current MLS #
Proximity to Subject
Original List Price
$ $ $ $
Current List Price
$ $ $ $
Seller Concessions
Last Price Change Date
Days-on-market (DOM)
from original list date
Previous listing history for last
12 months
Orig. List Price $
Last List Price $
DOM:
Orig. List Price $
Last List Price $
DOM:
Orig. List Price $
Last List Price $
DOM:
Orig. List Price $
Last List Price $
DOM:
Style
Exterior Finish
(Check all that apply)
Brick Wood
Composite Stone
Aluminum Stucco
Synthetic Stucco Vinyl
Hardcoat Stucco
Other:
Brick Wood
Composite Stone
Aluminum Stucco
Synthetic Stucco Vinyl
Hardcoat Stucco
Other:
Brick Wood
Composite Stone
Aluminum Stucco
Synthetic Stucco Vinyl
Hardcoat Stucco
Other:
Brick Wood
Composite Stone
Aluminum Stucco
Synthetic Stucco Vinyl
Hardcoat Stucco
Other:
Roof Type
(Check all that apply)
Composite Slate
Tar Tile
Wood shake Tin
Asphalt shingle Copper
Other:
Composite Slate
Tar Tile
Wood shake Tin
Asphalt shingle Copper
Other:
Composite Slate
Tar Tile
Wood shake Tin
Asphalt shingle Copper
Other:
Composite Slate
Tar Tile
Wood shake Tin
Asphalt shingle Copper
Other:
Car Storage/Type
(Check all that apply)
None
# of Cars
Garage Attached
Detached
Built-in
Carport Attached
Detached
Built-in
Other:
None
# of Cars
Garage Attached
Detached
Built-in
Carport Attached
Detached
Built-in
Other:
None
# of Cars
Garage Attached
Detached
Built-in
Carport Attached
Detached
Built-in
Other:
None
# of Cars
Garage Attached
Detached
Built-in
Carport Attached
Detached
Built-in
Other:
Year Built
Lot Size
Appx. Gross Living Area Sq. Ft Sq. Ft Sq. Ft Sq. Ft
Above Grade Room Count
Tot
Brms.
Baths
Tot.
Brms.
Baths
Tot.
Brms.
Baths
Tot.
Brms.
Baths
Basement
(Check all that apply)
None Partial
Slab Full
Crawl Space Walk-out
None Partial
Slab Full
Crawl Space Walk-out
None Partial
Slab Full
Crawl Space Walk-out
None Partial
Slab Full
Crawl Space Walk-out
Basement Finish
Attic (Check all that apply)
None Partial
Crawl Space Full
None Partial
Crawl Space Full
None Partial
Crawl Space Full
None Partial
Crawl Space Full
Attic Access
Walkup Hatch
Pull down steps
Walkup Hatch
Pull down steps
Walkup Hatch
Pull down steps
Walkup Hatch
Pull down steps
Bonus Room
Detached Structures
(Check all that apply)
None Barn
Guest House Studio
Pool House Shed
Other:
None Barn
Guest House Studio
Pool House Shed
Other:
None Barn
Guest House Studio
Pool House Shed
Other:
None Barn
Guest House Studio
Pool House Shed
Other:
Deck/Patio
Pool/Spa
Fireplace(s)
Water Supply
Public Private
Community Well
Public Private
Community Well
Public Private
Community Well
Public Private
Community Well
Waste Disposal
Septic Sewer
Cesspool
Other:
Septic Sewer
Cesspool
Other:
Septic Sewer
Cesspool
Other:
Septic Sewer
Cesspool
Other:
Type of Air Conditioning
(Check all that apply)
None Central
Window/Wall
Heat Pump
Other:
None Central
Window/Wall
Heat Pump
Other:
None Central
Window/Wall
Heat Pump
Other:
None Central
Window/Wall
Heat Pump
Other:
Type of Heating System
(Check all that apply)
None Gas
Propane Electric
Radiant Oil
Wood stove Solar
Base Board Coal
Heat pump Radiator
Other:
None
Gas
Propane Electric
Radiant Oil
Wood stove Solar
Base Board Coal
Heat
pump Radiator
Other:
None Gas
Propane Electric
Radiant Oil
Wood stove Solar
Base Board Coal
Heat pump Radiator
Other:
None Gas
Propane Electric
Radiant Oil
Wood stove Solar
Base Board Coal
Heat pump Radiator
Other:
Location Superior Similar Inferior Superior Similar Inferior Superior Similar Inferior
Lot Characteristics Superior Similar Inferior Superior Similar Inferior Superior Similar Inferior
View Superior Similar Inferior Superior Similar Inferior Superior Similar Inferior
Floor Plan Utility Superior Similar Inferior Superior Similar Inferior Superior Similar Inferior
Ext. Condition’s Appeal Superior Similar Inferior Superior Similar Inferior Superior Similar Inferior
Int. Condition’s Appeal Superior Similar Inferior Superior Similar Inferior Superior Similar Inferior
Overall Rating of Listings as
Compared to Subject
Superior Similar Inferior Superior Similar Inferior Superior Similar Inferior
Listing #1: Date inspected: Comments:
Listing #2: Date inspected: Comments:
COMPETING LISTINGS
Listing #3: Date inspected: Comments:
For use only with Lexicon Relocation, LLC assignments.
This Form is licensed to Lexicon Relocation, LLC by Worldwide ERC®
Copyright © 2008 by Worldwide ERC
®
Rev. 01/07/2009 Page 5 of 6
Instructions: Select sales within the last six months which are suitable and similar to the subject property and within the same/similar market area.
ITEM SUBJECT Comparable Sale #1 Comparable Sale #2 Comparable Sale #3
Address, City
MLS #
Proximity to Subject
Original List Price $ $ $ $
Final List Price $ $ $
Sales Price
$ $ $
Seller Concessions
Under Contract Date
Closing Date
Days-on-market (DOM)
from original list date
Previous listing history for last
12 months
Orig. List Price $
Last List Price $
DOM:
Orig. List Price $
Last List Price $
DOM:
Orig. List Price $
Last List Price $
DOM:
Orig. List Price $
Last List Price $
DOM:
Style
Exterior Finish
(Check all that apply)
Brick Wood
Composite Stone
Aluminum Stucco
Synthetic Stucco Vinyl
Hardcoat Stucco
Other:
Brick Wood
Composite Stone
Aluminum Stucco
Synthetic Stucco Vinyl
Hardcoat Stucco
Other:
Brick Wood
Composite Stone
Aluminum Stucco
Synthetic Stucco Vinyl
Hardcoat Stucco
Other:
Brick Wood
Composite Stone
Aluminum Stucco
Synthetic Stucco Vinyl
Hardcoat Stucco
Other:
Roof Type
(Check all that apply)
Composite Slate
Tar Tile
Wood shake Tin
Asphalt shingle Copper
Other:
Composite Slate
Tar Tile
Wood shake Tin
Asphalt shingle Copper
Other:
Composite Slate
Tar Tile
Wood shake Tin
Asphalt shingle Copper
Other:
Composite Slate
Tar Tile
Wood shake Tin
Asphalt shingle Copper
Other:
Car Storage/Type
(Check all that apply)
None
# of Cars
Garage Attached
Detached
Built-in
Carport Attached
Detached
Built-in
Other:
None
# of Cars
Garage Attached
Detached
Built-in
Carport Attached
Detached
Built-in
Other:
None
# of Cars
Garage Attached
Detached
Built-in
Carport Attached
Detached
Built-in
Other:
None
# of Cars
Garage Attached
Detached
Built-in
Carport Attached
Detached
Built-in
Other:
Year Built
Lot Size
Appx. Gross Living Area Sq. Ft Sq. Ft Sq. Ft Sq. Ft
Above Grade Room Count
Tot.
Brms.
Baths Tot. Brms. Baths Tot. Brms. Baths Tot. Brms. Baths
Basement
(Check all that apply)
None Partial
Slab Full
Crawl Space Walk-out
None Partial
Slab Full
Crawl Space Walk-out
None Partial
Slab Full
Crawl Space Walk-out
None Partial
Slab Full
Crawl Space Walk-out
Basement Finish
Attic (Check all that apply)
Full Partial
Crawl Space None
Full Partial
Crawl Space None
Full Partial
Crawl Space None
Full Partial
Crawl Space None
Attic Access
Walkup Hatch
Pull down steps
Walkup Hatch
Pull down steps
Walkup Hatch
Pull down steps
Walkup Hatch
Pull down steps
Bonus Room
Detached Structures
(Check all that apply)
None Barn
Guest House Studio
Pool House Shed
Other:
None Barn
Guest House Studio
Pool House Shed
Other:
None Barn
Guest House Studio
Pool House Shed
Other:
None Barn
Guest House Studio
Pool House Shed
Other:
Deck/Patio
Pool/Spa
Fireplace(s)
Water Supply
Public Private
Community Well
Public Private
Community Well
Public Private
Community Well
Public Private
Community Well
Waste Disposal
Septic Sewer
Cesspool
Other:
Septic Sewer
Cesspool
Other:
Septic Sewer
Cesspool
Other:
Septic Sewer
Cesspool
Other:
Type of Air Conditioning
(Check all that apply)
None Central
Window/Wall
Heat Pump
Other:
None Central
Window/Wall
Heat Pump
Other:
None Central
Window/Wall
Heat Pump
Other:
None Central
Window/Wall
Heat Pump
Other:
Type of Heating System
(Check all that apply)
None Gas
Propane Electric
Radiant Oil
Wood stove Solar
Base Board Coal
Heat
pump Radiator
Other:
None Gas
Propane Electric
Radiant Oil
Wood stove Solar
Base Board Coal
Heat pump Radiator
Other:
None Gas
Propane Electric
Radiant Oil
Wood stove Solar
Base Board Coal
Heat pump Radiator
Other:
None Gas
Propane Electric
Radiant Oil
Wood stove Solar
Base Board Coal
Heat pump Radiator
Other:
Location Superior Similar Inferior Superior Similar Inferior Superior Similar Inferior
Lot Characteristics Superior Similar Inferior Superior Similar Inferior Superior Similar Inferior
View Superior Similar Inferior Superior Similar Inferior Superior Similar Inferior
Floor Plan Utility Superior Similar Inferior Superior Similar Inferior Superior Similar Inferior
Ext. Condition’s Appeal Superior Similar Inferior Superior Similar Inferior Superior Similar Inferior
Int. Condition’s Appeal Superior Similar Inferior Superior Similar Inferior Superior Similar Inferior
Overall Rating of Listings as
Compared to Sale
Superior Similar Inferior Superior Similar Inferior Superior Similar Inferior
Sales #1: Inspected? Yes No Comments:
Sales #2: Inspected? Yes No Comments:
COMPARABLE SALES
Sales #3: Inspected? Yes No Comments:
For use only with Lexicon Relocation, LLC assignments.
This Form is licensed to Lexicon Relocation, LLC by Worldwide ERC®
Copyright © 2008 by Worldwide ERC
®
Rev. 01/07/2009 Page 6 of 6
MOST LIKELY
BUYER(S)
Check all that apply:
Local Buyer Transferee International Buyer First-time Homebuyer Second-home Buyer
Empty Nester Military Parent Purchaser for Child Move-up Homebuyer Investor
Dual-income Other:
What are the three - five challenges to getting this property sold?
1.
2.
3.
4.
5.
What are the three - five actions necessary to address the challenges identified above?
1.
2.
3.
4.
5.
What are the top five creative ideas you will use in marketing this property keeping in mind the challenges and actions identified above?
1.
2.
3.
4.
5.
MARKETING STRATEGY
Additional Comments:
VALUE
ANALYSIS
Most Likely Sales Price (MLSP): $ Suggested List Price (SLP): $
The MLSP is based on “as is” condition and a marketing time not to exceed days to a contract of sale.
(# of days)
File #: Real Estate Firm:
Real Estate Firm Tax ID #: Date of Inspection:
Contact Name: Agent Preparer Name:
SIGNATURES
Contact Signature: Agent Preparer Signature:
For use only with Lexicon Relocation, LLC assignments.
This Form is licensed to Lexicon Relocation, LLC by Worldwide ERC®
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