The Vendor is required to provide comparative market analysis (CMA) to establish after-rehab value for assisted residential properties.
- Requirement:
• For each assigned property, research and produce a CMA styled to determine the after-rehab market value (ARV) used to confirm HUD home homeownership/after-rehab value limits or to support scope/underwriting decisions.
• Include comparable recent sales, active listings, and market adjustments; commentary on local market trends affecting value; statement of assumptions and data sources.
• For manufactured home replacement projects, produce CMAs that address the property (land + unit as applicable) consistent with HUD after-rehab value guidance (use existing homes limits as applicable).
• Timely response for initial CMAs and revisions as requested (turnaround times specified below).
• Telephone or virtual availability to discuss methodology with LPA or HTFC project manager.
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