Suggested Value

Suggested value allows you to easily insert a subject value based on the comps and adjustments in the Side‑by‑Side PowerView.

The Suggested Value is derived by multiplying the weight of each comp by the Adjusted Sale Price of that comp, repeating for each property, then adding them all together. Here is the formula:

Suggested Value 
( Adj Sale Pricecomp 1  Weightcomp 1 )  ( Adj Sale Pricecomp 2  Weightcomp 2 )  ( Adj Sale Pricecomp 3  Weightcomp 3 )  ( … )  ( Adj Sale Pricecomp n  Weightcomp n )

Click the plus sign icon (  ) next to the Suggested value in the Side‑by‑Side PowerView to open the Suggested Value Calculations where you can sort, rearrange, and choose which comparables to include, and adjust additional options:

  1. Uncheck the box to the left of a comparable to remove it from the suggested value calculation. This changes that comparable's weight to 0 and distributes the remaining weight amongst the comparables still included. As you make changes, the Suggested Value ( F ) recalculates and rounds to the nearest thousand.
  2. Click a column header to sort your comparables by that specific category.
  3. Select a comparable and use the up and down arrows on the right to rearrange your comps and move a property up or down the list.
  4. Check the box next to Use the suggested value in my report to insert the Suggested Value ( F ) into the major form as the Indicated Value by Sales Comparison Approach.
  5. Check the box next to Update the comp sequence in my report to apply the changes made in the Suggested Value Calculations window to the forms in your report.
  6. The value determined by the equation above for the comparables you've chosen to include ( A ).
  7. Click Save & Close to save your changes, close the Suggested Value Calculations window, and transfer any applicable data to your report and the details view in the E&O PowerView.