This guide is for BUSI 422 Week 7 Appraisal Project, start to submission. A realistic residential appraisal on Form 1004, using the sales comparison approach and the cost approach.
BUSI 422 is Financial Analysis and Investment Concepts for Real Property, 3 credit hours, in Liberty University's BS in Business Administration. Canvas and the course guide file print the code as BUSI422; it is the same course.
| Course | BUSI 422 Financial Analysis and Investment Concepts for Real Property |
|---|---|
| Module/Week | 7 |
| Points | 160 points |
| Length | A completed Form 1004 Uniform Residential Appraisal Report |
| Sources | Comparable sales data, cost data and the textbook |
| Faith integration | Not required by the guide |
| Format | Form 1004 Uniform Residential Appraisal Report |
What BUSI 422 Week 7 Appraisal Project asks for
You prepare a realistic real estate appraisal using the Form 1004 Uniform Residential Appraisal Report for a residential property, performed with the sales comparison approach and the cost approach. It is due in Module/Week 7 with Brueggeman and Fisher chapters 16 and 19. At 160 points it is the largest written assignment in the course.
Where it fits in BUSI 422
In the published schedule, Appraisal Project is one of 3 graded written assignments in BUSI 422. It follows Week 5 Group Wiki Scenario 2, and it is the last written assignment in the course.
How BUSI 422 Week 7 Appraisal Project is graded
Liberty grades Appraisal Project with the rubric attached to the assignment in Canvas, worth 160 points in the published guide. That is about 16% of the course's 1,010 points. Open the rubric before you draft and read across each row: the top column describes what full credit looks like, and the gap between columns tells you what costs points.
Course grades in BUSI 422 use Liberty's point scale: an A is 900 to 1010 points of the course total. Missing the length or source minimum usually costs points on several rows at once, which is why the checklist below starts with them.
Timing in the published guide: Each course module/week (except Module/Week 1) begins on Tuesday morning at 12:00 a.m. (ET) and ends on Monday night at 11:59 p.m. (ET). The final module/week ends at 11:59 p.m. (ET) on Friday. Check the due dates in your Canvas section, which govern.
The BUSI 422 Week 7 method, step by step
Set up the data before the write-up
Work through the Appraisal Project calculations or software steps first and save the output. The written part interprets those numbers, so they have to be right before you explain them.
Show the method
Name the method and the reason it fits. One or two sentences are enough, but they must be there.
Report the results plainly
Give the key figures in a labeled table and mention each in the text.
Interpret in the context of the question
Translate the numbers into a conclusion about the question. Say what decision they support and how confident you can be.
Name the limits
State what the analysis cannot tell you: assumptions, data limits, or what would change the answer.
Submit the files the guide asks for
Submit every file requested and check that formulas, output and the write-up agree (A completed Form 1004 Uniform Residential Appraisal Report).
Adjust the comparable toward the subject: if a comparable has a feature the subject lacks, subtract its value; if it lacks one the subject has, add it. Explain the basis for each adjustment and give the most weight to the comparable needing the fewest adjustments.
A structure for BUSI 422 Week 7 Appraisal Project
Word targets are planning numbers for about 1,200 words of body text, set by the length in the guide; the rubric decides where to spend more.
| Section | What it must do | Target |
|---|---|---|
| Subject property | Description, site and improvements. | ~220 words |
| Sales comparison approach | Three or more comparables with adjustments. | ~430 words |
| Cost approach | Land value plus depreciated replacement cost. | ~290 words |
| Reconciliation | The final value opinion and reasoning. | ~260 words |
A topic angle that works
The sales comparison grid is the heart of the report: choose comparables that sold recently and nearby, adjust each for differences from the subject (size, bedrooms, garage, condition), and reconcile the adjusted values.
Model paragraph with notes
An original paragraph written by our desk to show the register that earns full rubric credit. It is study material: learn the moves, then write your own.
The adjusted sale prices of the three comparables range from $286,000 to $298,000. Comparable 2 required the smallest net adjustment (2%) and sold within the last month on the same street, so it receives the most weight. The cost approach indicates $305,000 but is given less weight because estimating depreciation on a 25-year-old home is uncertain. The final opinion of value is $292,000.
- Range of adjusted values.
- Weighting reasoned.
- A final value.
Mistakes that cost points on BUSI 422 Week 7
- Adjusting in the wrong direction.
- Old or distant comparables.
- No reconciliation.
Checklist before you submit
- Length: A completed Form 1004 Uniform Residential Appraisal Report
- Sources: Comparable sales data, cost data and the textbook
- Calculations checked and output saved
- Every table and figure referred to in the text
- Each rubric row read against the section that answers it
Questions students ask
What approaches does the BUSI 422 appraisal use?
The sales comparison approach and the cost approach, on Form 1004.
How many points is BUSI 422 Week 7 Appraisal Project worth?
160 points in Liberty's published course guide for BUSI 422, out of a course total of 1,010 points (about 16% of the grade). The rubric attached to the assignment in Canvas shows how those points are divided.
Is BUSI 422 Week 7 the same in every section of BUSI 422?
This guide follows Liberty's published course guide for BUSI 422. Liberty notes that course content can change from term to term, so if your Canvas section shows different instructions, a different week or different points, follow Canvas and your instructor.
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