Direct Sales Comparison Approach To Value


Definition of "Direct sales comparison approach to value"

Gail Lamb
  ERA Troy

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

Original Cost Less Depreciation

Actual price paid for property when acquired, minus depreciation. Original cost less depreciation is ...

Pyramiding

Situation in which several liability insurance policies are in force to cover the same risk, thereby ...

Nonoccupational Disability

Condition that results from injury or disease that is not job related. Workers compensation applies ...

Counteroffer

Initial offer to buy or sell answered with a revised offer. For example, a buyer offers $500,000 for ...

Basis

Figure or value which is the starting point in computing gain or loss, depreciation, depletion, and ...

Admitted Company

Life insurance company or property and casualty insurance company licensed by a particular state to ...

Related Real Estate FAQ

What Is Accession?

The right of a property owner to have and enjoy all of the advantages of property ownership includin ...

What Is A FHA Mortgage?

A FHA mortgage is when the government guarantees Federal Housing Authority loans. You can put down a ...

What Is A Home Warranty?

A home warranty is a guarantee for certain features of a new home-for instance, the materials and wo ...

What Does Travel Insurance Typically Cover?

Loss of luggage Loss of travel documents Cancellation and lost deposit expenses Medical expens ...

What Is A Housing Ratio?

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance ...

What Is A Wraparound Mortgage?

A wraparound mortgage is a new mortgage that includes the remaining balance on an old mortgage, plus ...

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

Agents join here
Add our widget on your Website

Real Estate Advice

Top Five Reasons Your Home Offer was Rejected What do Real Estate Attorneys do? Tax Breaks for the First Time Home Buyer What is Escrow and how does it Work? How To Choose A Realtor

FAQ

What is a point? What is a counteroffer? What is a deed? How can I protect my Home Office? What is a loan-to-value (LTD) ratio?