a publicly traded company with similar characteristics to a private company that is being valued. For example, a telecommunications equipment manufacturer whose market value is 2 times revenues can be used to estimate the value of a similar and relatively new company with a new product in the same industry. See Liquidity discount.
A property, similar in character to the property being appraised (the subject), from which market value, market rents, etc. may be derived, which in turn are used to estimate subject value or a value compenent.
in an appraisal, the properties which are delineated as comparable or equitable to specific property in terms of income, rental price, market value, selling price, loan amount, or some other measure of value.
In the sales-comparison appraisal method, a property that closely resembles the property for which a value is being estimated. A comparable should closely resemble the subject property with respect to property rights, conditions of sale, market conditions, financing terms, location, and physical characteristics.
Properties listed in an appraisal report which are substantially equivalent to the subject property, comparable in selling price, rental, income or similar measure.
Properties used to determine the value of a specific property for comparative purposes in the preparation of an appraisal.
Properties similar in size and character to the one being bought or sold.
An abbreviation for comparable property sales, rentals, incomes, etc., used for the purposes of comparison in the appraisal process. A comparable is similar to the property, is in a similar neighborhood, and has sold and closed in a time frame according to market conditions noted on the front of the URAR.
Recently sold properties that are similar to a property being appraised which provide an estimate of value.
An abbreviated term used by appraisers to describe properties which are similar in size, condition, location and amenities to a subject property whose value is being determined. The Uniform Standards of Professional Appraisal Practice (USPAP) establish clear guidelines for determining a comparable property.
The sales price of a similar home in a similar neighborhood, used to appraise the value of a home.
A property used for comparative purposes in the appraisal process that has similar characteristics to the subject property.
An abbreviation for "comparable properties"; used for comparative purposes in the appraisal process. Comparables are properties like the property under consideration; they have reasonably the same size, location, amenities, and have recently been sold. Comparables help the appraiser to determine the approximate fair market value of the subject property.
recently sold properties that are similar in size end location to the property being purchased.
property with similar characteristics used to compare with a subject property for the purpose of determining the fair market value of the subject property.
A property that is similar in physical composition, location and value to a property being appraised.
Recently sold similar property, used to estimate the market value.