Comparable Sales
Definition of "Comparable sales"
Market analysis method where sales of similar properties in proximity neighborhoods are compared. The comparable sales methodology is extremely useful if the properties being compared are very similar and the sales are recent. It is widely use by real estate brokers to give approximate market valuations to buyers and sellers of real estate. Other factors enter into comparable sales including condition, location and property amenities.
Popular Real Estate Terms
Credential awarded by the International Association of Assessing Officers to appraisers of real property working for a government body. ...
Also called "Grey Shell, "Bare Shell," and "Artic Shell," a Cold Shell could be described as the more radical version of a Vanilla Shell. So, what does precisely the Cold Shell definition ...
Monies paid to use property, such as the use of natural resource extractions. The royalty payment is typically based upon some percentage of the income or fee for substances generated from ...
Same as term yield: The income earned on an investment, typically stated as a percentage of the market price ...
Branch of economics that applies the tools of economic reasoning to the analysis and solution of urban economic problems. ...
An account into which payment is made for particular expenses to assure that money will be available. An example is a special account the homeowner's attorney establishes for advance ...
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Farm land. Land that has trees on it. ...
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