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Entering Pro Forma Data

Purpose

Use this procedure to value a property based on the pro forma method.

The pro forma method values properties based on income information stored in PACS. It is a comparison method that derives median values from the income information. Expense and capitalization rates are determined by compiling the median values for the properties that you specify in the Pro Forma Search dialog box.

Prerequisites

Procedure

  1. In PACS 9.0, open a property, then expand the Income Valuations and Characteristics panel.
  2. In the Income Valuation grid, either select an income valuation and click Details Details icon to access an existing income valuation, or click Add Add to create a new income valuation.
  3. In the Income Details dialog box, expand the Pro Forma panel.
  4. To change the Taxes value displayed in the General section, click Override.

    Income, Income Details, Pro Forma, top

  5. To search for comparable properties, click Get Pro Forma Data. Then use the following options as required:
  6. Note that the data at bottom of the Pro Forma Search dialog box changes as you add and remove properties to the grid. Adjust the list of properties in the grid as required. Then click OK.
  7. If your system is configured to display land and improvement data, enter the following values in the Totals Information section as required:
  8. Use the following additional options as required: