One of the 3 major approaches to value estimation. It is based on the idea that value can be derived by comparing the subject property to recently sold similar properties with allowances for differences. Comparables inferior to the subject property (i.e. those not as good as or offering fewer or lower quality amenities and features than the subject) likely suggest the bottom value range for the subject property and comparables superior, the upper. If adjustments are attempted, amenities or features inferior or not as good as the same subject amenities or features are adjusted upward and those superior adjusted downward.
Determining a value indication of a business by using one or more methods that compare the subject to similar businesses, ownership interests, securities or intangible assets that have been sold. (Also called a “Market-Based Approachâ€.)
One of the steps in the valuation process. The property being appraised is compared with similar properties that have recently been sold or offered for sale. Adjustments are made to compensate for differences between the comparables and the subject property to obtain the market value of the subject.
Method of valuing a property through examination and comparison of recent sales of comparable properties.
A method of pricing single-family rental homes and condos using comparable market data. When pricing multiple unit rental properties, the income approach is probably better. ( See comparative market analysis , net income approach )
A method of appraising property by analyzing sale prices of similar properties recently sold.
A technique used in appraising property which compares recently sold comparable properties in arriving at a conclusion as to fair market value.
a general way of determining a value indication of a business, business ownership interest, security, or intangible asset by using one or more methods that compare the subject to similar businesses, business ownership interests, securities, or intangible assets that have been sold.
A method of appraising a property by comparing sales prices of similar properties that have recently sold.