A price analysis format allows one to figure how a price analysis should be conducted and documented. It serves as a guide to the framing of the correct modules which allow the proper writing of a price analysis. A price analysis is usually conducted by trained professionals in determining, through a number of processes, the price of a certain item or property.
Sample Price Analysis Format
Price analysis conducted by: ____________________________
Date of submitting the analysis____________________
First Paragraph: The first paragraph of a price analysis format must include information about the item or property that is being analyzed. It must include a detailed inventory of its assets and liabilities. In case of a property, its area, its location must also be taken into account. A market survey must be done to compare the status and viability of the item with its counterparts. Only by a process of comparison can its price be deducted with any accuracy.
Second Paragraph: The second paragraph of a price analysis must identify the purpose of the exercise. The methods by which the price analysis is being conducted must also be specified. Usually market surveys are the most commonly used means. However, if the purpose is for tax assessment, other suitable means can also be used.
Third Paragraph: The third paragraph of the price analysis must put forth the conclusion of the entire process. The approximate price must be declared and reasons must be given for the same. The price analyzing agency must also highlight their capability in doing so and their prior notable experience.
For more information contact: ______________