Market evidence
Market evidence refers to documented transactions in the real estate market, such as leasing or sales activities.
These evidences are used to substantiate key valuation metrics such as:
• Estimated Rental Value (ERV)
• Vacant Possession Value (VPV)
• Market Value
Market evidences are specific to individual assets and provide objective data to support valuation conclusions.
Adding evidence
The procedure for adding evidence is the same for Lease or Sales.
Procedure
1. Click + Add […] evidence in the appropriate section.
An editable row appears under the section.
2. Fill out the data fields using the asset's data.
3. Click Save at the top to save the evidence.
The new asset is plotted in the map, and where possible, data fields are automatically populated.
Deleting evidence
Procedure
1. Select the check box in front of the evidence that you would like to delete.
If required, you can select multiple rows to be deleted. When doing so, a Delete button is shown at the top of the section.
2. Click Delete to remove the row(s) selected.
3. Click Save to save your changes.
If you do not click Save, the evidence will remain in the list.