An estimate of value after all adjustments have been made to account for differences between the subject property and comparable properties.
The estimated sales price of a comparable property after additions and/or subtractions have been made to the actual sales price for improvements and deficiencies when compared to the subject property being appraised.
The result of estimating the value of a property by comparison to comparable properties. Take the actual sale price of a property comparable to the subject property, then add the value of any extras which the subject property has but the comparable property did not, then subtract the value of any deficiencies in the subject property not shared by the comparable property.
An estimate of a property's sales price, after adjustments have been made to account for differences between it and another comparable property.
Adjusting the sales prices of similar properties sold when comparing these properties to a subject property being appraised.
For income tax purposes, the selling price of a property less its acquisition cost and all the costs to sell it.
1. Net sales price of a piece of property with the commissions and closing costs deducted from the actual sales price. 2. For appraisal purposes: the price of a comparable piece of property with the differences between it and the property in question, accounted for. 3. For income tax purposes: the sales price of a property reduced by the costs of improvements necessary to bring it to the condition of the comparable property.
Sale price minus commissions, legal fees and other costs of selling.
