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But you can also find general comps yourself, for free, by looking online at recent sales in your neighborhood. Listing sites like Zillow or Realtor.com can be useful for this.
Comparables (or comps) is a real estate appraisal term referring to properties with characteristics that are similar to a subject property whose value is being sought. This can be accomplished either by a real estate agent who attempts to establish the value of a potential client's home or property through market analysis or, by a licensed or certified appraiser or surveyor using more defined ...
Values may be determined based on recent sales of comparable property. [31] The value of most homes is usually determined based on sales of comparable homes in the immediate area. Valuation adjustments may be necessary to achieve comparability. Among the factors considered in determining if a property is comparable are:
The sales comparison approach (SCA) is a real estate appraisal valuation method that relies on the assumption that a matrix of attributes or significant features of a property drive its value. For examples, in the case of a single family residence, such attributes might be floor area, views, location, number of bathrooms, lot size, age of the ...
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The big story was an acceleration of its e-commerce segment where comparable sales climbed 19.5%. Efforts to control expenses have lifted margins, which drove a 17% EPS increase to $16.56 for the ...
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