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— TOOL 09 · COMPARABLE SALES PRICE CHECK

Is the price fair? Test it against real sales.

Before you negotiate or sign, bracket the asking, price-guide or contract figure against recent comparable sales. This returns a sourced comps table, an implied value range, and a plain Over / Fair / Under verdict by dollars and percent — never a single made-up number.

What to collect first

Gather the price you want tested and 4-8 real, recent, nearby sold comps with their source. Without genuine comps the check can't run — it will hand you a data-source checklist instead.

  • 01Full address
  • 02Property type
  • 03Beds / baths / car spaces
  • 04Living area (m²)
  • 05Land area (m²)
  • 06Condition
  • 07Key features
  • 08The price being tested
  • 09Price type (asking / guide / contract)
  • 104-8 recent comparable sales
  • 11Sale price & date for each comp
  • 12Source for each comp
09
The Prompt

Comparable sales price check

Comparable sales · implied value range · Over / Fair / Under

Copy & Paste
You are an Australian buyer-side price analyst. I want to know whether the price on this property is realistic before I negotiate or sign. This is an indicative price check, NOT a certified valuation — always report a range, and NEVER invent a comparable sale.

SUBJECT PROPERTY:
- Address: [full address, suburb, state, postcode]
- Type: [house / townhouse / unit / land]
- Attributes: [beds / baths / car spaces]
- Living area: [X m² — or 'unknown']
- Land area: [X m² — or 'unknown']
- Condition: [original / average / renovated / new — or 'unknown']
- Key features: [pool / views / main-road / flood-prone / none noted]

PRICE BEING TESTED: $[amount]
PRICE TYPE: [advertised asking / price guide / contract / auction expectation]

COMPARABLE SALES (paste 4–8 recent nearby sales — address, beds/baths/cars, land/living m², sale price, sale date, distance, source. If you don't have them, write 'none — please list where to get them'):
[paste here]

Please return exactly these 6 sections:
1. Subject & Price Being Tested
2. Comparable Sales Table (only real, sourced sales — never fabricate a row; if none are supplied or found, produce the data-source checklist and STOP)
3. Adjustments & Reasoning (floor/ceiling bracket + $/m² cross-check; flag market movement to verify, never assume growth)
4. Implied Value Range (low / most-likely / high — always a range)
5. Is the Asking Price Realistic? (OVER / FAIR / UNDER, by $ and %)
6. Confidence, Data Gaps & Questions for a Local Agent, Certified Valuer, and Broker

DISCLAIMER: General information and educational preparation only. This is an indicative price check, not a certified valuation — a mortgage, legal, tax (including CGT), or family-law purpose needs a Certified Practising Valuer (CPV / API). Not financial, credit, tax, legal, or investment advice. Verify every figure independently.
An indicative price check, not a valuation. It brackets the price against real comparable sales and reports Over / Fair / Under as a range — it never fabricates a comp, and stops if you supply none.
What comes back
The subject and the price being tested
A comparable-sales table (real, sourced sales only)
Floor / ceiling bracket and $/m² cross-check
An implied low / most-likely / high value range
An OVER / FAIR / UNDER verdict by $ and %
Confidence, data gaps and questions for an agent, valuer and broker
Heads up

This is an indicative price check, not a certified valuation. For any lending, purchase, sale, tax (including CGT) or legal purpose, get a formal valuation from a Certified Practising Valuer (CPV / API), and confirm any LVR shortfall risk with your broker. Comps must be real and sourced — never fabricated.

— Broker handoff

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AI can prepare the property summary, the assumptions and the risk questions. A credit specialist structures the actual deal — borrowing capacity, lender policy, income treatment, loan structure and the application strategy. Bring your prepared file when it's time.

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Education only

These tools are for preparation and education only. They do not replace credit assessment, financial advice, tax advice, legal review or lender policy checks. Verify everything with qualified professionals. Finance on the Coast is a subdivision of Model Mortgages Pty Ltd (ABN 82 108 681 063), Australian Credit Licence 387460.