VALUATION CRITERIA

Physical Characteristics

• Size of the property (square footage, number of rooms, lot size).
• Age and condition of the property (new, well-maintained, needs repairs).
• Architectural style and unique features (pool, garden, energy-efficient appliances).
• Quality of construction and materials used.
• Relying on the AAA Inspection of property, considering reported issues and cost to remedy any issues. 

Location

• Proximity to amenities (schools, parks, shopping centers).
• Neighborhood desirability and safety.
• Accessibility to major highways and public transportation.
• Views, natural light, and other environmental factors.

Market Conditions

• Current demand for properties in the area.
• Recent sales of comparable properties (comps).
• Economic indicators, such as interest rates and employment rates.
• Forecasted trends in the real estate market.

Legal and Administrative Considerations

• Relying on the Audit by Lighthouse
• Zoning laws and any restrictions on use.
• Property taxes and any special assessments.
• Potential for rental income or commercial use.
• Title status and any liens or encumbrances.

Valuation Methods

• Comparative Market Analysis (CMA): Comparing the property with recently sold properties of similar characteristics.
• Income Approach: Calculating the present value of future income streams from the property.
• Cost Approach: Estimating the cost to replace the property minus depreciation.

Additional Factors

• Environmental risks, hurricane protection.
• Future development plans for the area.
• Historical value or restrictions.
• Availability of financing options for potential buyers.