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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 real estate professional will consider comparable homes, the home’s age, the size of the property, zoning requirement and the property’s condition to determine the BPO. ... Homesellers use ...
[clarification needed] Likewise, if the comparable is inferior to the subject in an aspect, then an upward adjustment for that aspect is needed. [clarification needed] The adjustment is somewhat subjective and relies on the appraiser's training and experience. From the analysis of the group of adjusted sales prices of the comparable sales, the ...
In practice, the most common SCA method used by estate agents and real estate appraisers is the sales adjustment grid. It uses a small number of recently sold properties in the immediate vicinity of the subject property to estimate the value of its attributes.
Chase. Chase‘s home value estimator is easy to use: All you have to do is provide the address of the home; no other information is needed.Its tool allows you to adjust details of the home to see ...
In other words, since most items face depreciation due to wear and tear, you likely wouldn’t get enough money to replace your bespoke kitchen table with something comparable and would end up ...
A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser.A BPO is an informal appraisal. It is similar to doing a CMA (Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO.
The biggest night in country music is nearly here! The 58th Annual Country Music Association Awards, or CMA Awards, are fast approaching, with some of the most famous names in country music set to ...