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
Arrangement whereby a party providing financing gets a portion of the ownership. ...
A style of architecture originating in Europe in the 1920s. The international architecture design was very functional and emphasized buildings constructed of steel, reinforced concrete, and ...
A lower phase of a business cycle in which the economy is deteriorating, coupled with a declining rate of business investment and consumer spending. Real Estate prices are typically ...
Evaluation of housing requirements based on family size, ages, occupations, marital status, and other population characteristics. ...
Fee paid only if other criteria are met. ...
Holding and controlling property. It includes not only custody but also having some legal right. An example is occupying real property and enjoying its benefits. ...
location where someone stays on a permanent basis. An example is a home to a family. ...
Yearly tax return filed by an individual or couple. It is due to the federal taxing authority on April 15 for the preceding calendar year. The taxpayer reports gross income, adjustments to ...
Provision in a credit contract specifying that if the lender sues the borrower for late payments, the borrower accepts guilt in advance, irrespective of the reason for nonpayment. ...
Have a question or comment?
We're here to help.