Valuation requires comparable, dated evidence
Begin with the purpose of valuation: negotiation, lending, reporting or an investment decision may require different scope and evidence. Group comparable properties by location, usable area, floor, legal status and building condition; distinguish asking prices from documented transactions. Explain each adjustment rather than averaging unrelated listings. Produce a dated assumptions sheet, an evidence register and a downside scenario so another reviewer can reproduce why the proposed purchase price was accepted or rejected.
Practical verification checklist
Valuation workflow: Compare recently documented transactions for similar units, adjusting explicitly for floor, usable area, building condition, legal status and access. Separate asking prices from completed sales. Record assumptions, inspection date, comparable evidence and a downside range; commission a qualified independent valuation when the decision requires one.



