Client:		Client File #:
Subject Property:		Appraisal File #:

SALES COMPARISON APPROACH
ITEM	SUBJECT	COMPARISON 4		COMPARISON 5		COMPARISON 6
Address
Proximity to Subject
Data Source/ Verification
Original List Price	$		$		$		$
Final List Price	$		$		$		$
Sale Price	$		$		$		$
Sale Price % of Original List	%		%		%		%
Sale Price % of Final List	%		%		%		%
Closing Date
Days On Market
Price/Gross Living Area	$	$		$		$
	DESCRIPTION	DESCRIPTION	+(-) Adjustment	DESCRIPTION	+(-) Adjustment	DESCRIPTION	+(-) Adjustment
Financing Type
Concessions
Contract Date
Location
Site Size
Site Views/Appeal
Design and Appeal
Quality of Construction
Age
Condition
Above Grade Bedrooms	Bedrooms	Bedrooms		Bedrooms		Bedrooms
Above Grade Baths	Baths	Baths		Baths		Baths
Gross Living Area	Sq.Ft.	Sq.Ft.		Sq.Ft.		Sq.Ft.
Below Grade Area
Below Grade Finish
Other Area
Functional Utility
Heating/Cooling
Car Storage



Net Adjustment (total)		+ -	$	+ -	$	+ -	$
Adjusted Sale Price		Net Adj. % Gross Adj. %	$	Net Adj. % Gross Adj. %	$	Net Adj. % Gross Adj. %	$
Prior Transfer History
Comments and reconciliation: null

DEFINITION OF LIQUIDATION VALUE
The term liquidation value is defined in *The Dictionary of Real Estate Appraisal,* Sixth Edition as follows: The most probable price that a specified interest in real estate property is likely to bring under all of the following conditions: Consummation of a sale within a short time period. The property is subjected to market conditions prevailing as of the date of valuation. Both the buyer and the seller are acting prudently and knowledgeably. The seller is under extreme compulsion to sell. The buyer is typically motivated. Both parties are acting in what they consider their best interests. A normal marketing effort is not possible due to the brief exposure time. Payment will be made in cash in U.S. dollars or in terms of financial arrangements comparable thereto. The price represents the normal consideration for the property sold, unaffected by special or creative financing concessions granted by anyone associated with the sale.
The following data and analysis is offered as an addendum to the appraisal report, and cannot be relied upon without the complete appraisal report, with specific attention to the discussion of market conditions and normal market exposure. As specified by the client, the liquidation value is based upon the following market exposure: Less Than 30 days 60 days 90 days Other
DEVELOPMENT OF LIQUIDATION VALUE
The appraiser has relied upon the following method(s) to develop an opinion of liquidation value: Market value as reported within this appraisal report correlates with liquidation value (see comments below). Market Analysis (See Comparable Grid on following page). Statistical Analysis (See comments below). Secondary Analysis – e.g. Interviews with market participants, peers, news media research, etc (See comments below). Alternative Analysis – (See comments below).
Comments Regarding the Methods Used: null
The appraisal is made as is; subject to the following hypothetical condition(s); or subject to the following extraordinary assumption(s): null
Based on the scope of work for this assignment, the statement of assumptions and limiting conditions included in this report, and appraiser(s) certification, the opinion of liquidation value of the real property that is the subject of this report is: $ as of which is the effective date of this appraisal.
APPRAISERS SIGNATURES
APPRAISER:		CO-APPRAISER:
Signature		Signature
Name		Name
Report Date		Report Date
Trainee Licensed Certified Residential Certified General		Trainee Licensed Certified Residential Certified General
License #	State	License #	State
Expiration Date		Expiration Date

Form 801.05*	Client File #:	Appraisal File #:
	Liquidation Value Addendum
	Client:
	Subject Property:
	City: State: Zip:

Liquidation Value Addendum