Direct Sales Comparison Approach To Value

Definition of "Direct sales comparison approach to value"

Appraisal approach where property values are estimated by comparing current comparable sales. See also market approach.

Search Real Estate Glossary

Related Real Estate Glossary terms

Omnibus Clause

Provision in a will that stipulates that any assets not enumerated still pass to the heirs. Cla ...

Accident Insurance

Coverage for bodily injury and/or death resulting from accidental means (other than natural causes). ...

American Agency System

Marketing of insurance through independent agents; also called independent agency system. Independen ...

Cost Of Capital

Rate of return that is necessary to maintain market value of a real estate project. The cost of capi ...

Injury Independent Of All Other Means

Injury covered in a health insurance policy that is isolated from any previous injury. ...

Unincorporated Group

Association of people not treated as a corporation. Examples are a limited partnership and a group o ...

Related Real Estate FAQ

What Is A Foreclosure?

A foreclosure is the legal process by which a mortgage property is seized due to default and then so ...

What Is A Contingency?

A contingency is a provision included in a sales contract stating that certain events must occur or ...

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

Do I Need Flood Insurance?

Over 90% of all presidential-declared disasters in the United States are flood related. Leveling for ...

What Is A REALTOR®?

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affi ...

What Is A Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

Short Sale Homes What Must I Disclose When Selling My Home? How is Square Footage Determined? Foreclosure - The Pros and Cons of Buying 7 Things to Consider Before Moving to a New City

FAQ

What if the computer I want to insure is homemade or custom-built? What do I need to know about Group Health Insurance? What is an assumable mortgage? What is equity? What type of Life Insurance is right for me?