comparable sales
Similar transaction prices
Comparable sales are recent transactions of similar properties used to estimate a property's market value.
Real estate appraisers and agents examine sales of nearby homes with similar size, condition, and features to determine what a property should sell for.
Often shortened to comps: The comps suggest we should list at $450,000.
Also called comparables.
- compsNo-charge items, informally
- square footageInterior area measurement
- property valueMonetary worth of real estate
- MLSShared property listing system
- benchmarkingMeasuring against top performers
appraisal · housing market · market conditions · fair market value · adjustments · supply and demand · real estate · zoning laws · mortgage rates · neighborhood · competitive pricing · goodwill · proximity · similar · revenue streams · economic indicators · listing · broker
- real estatehouse, home, apartment, property, rent
- property appraisalappraiser, market value, real estate appraisal, home value, assessor
- real estate termsoffer, lease, rent, counteroffer, asking price
- Valuationfair market value, market value, fair value, book value, appraised value
- valuationsvaluation, property valuation, business valuation, real estate valuation, appraised value
- catalogsprint catalog, product listing, catalog entry, Sears catalog, mail order catalog