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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 ...
Recently, a seven-bedroom waterfront home sold for $24 million, but without an update since 1993, it was essentially a fixer-upper. In 2022, the owner of the Boston Red Sox sold his Nantucket home ...
From stock market news to jobs and real estate, it can all be found here. ... The late actor’s home was officially sold for $8.5 million nearly one year after his sudden death on Oct. 28, 2023 ...
In fact, CNN has reported that only 2.5% of homes in the United States were sold from the previous homeowner to a new one in the first eight months of 2024, which adds up to the absolute lowest ...
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 ...
The Case-Shiller index prices are measured monthly and track repeat sales of houses using a modified version of the weighted-repeat sales methodology proposed by Karl Case, Robert Shiller, and Allan Weiss. This means that, to a large extent, it can adjust for the quality of the homes sold, unlike simple averages.
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