What are Comparable Sales?
- TOCR Real Estate School
- Apr 3, 2023
- 1 min read
Comparable sales are one of the metrics used by appraisers to determine a property’s value. By looking at properties in a similar area with similar assets that have recently been sold, an appraiser can reasonably assume that they are worth a similar amount.
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A comparable sale is a house that recently sold in the neighbourhood with identical furnishings. To establish a home's fair market value, appraisers look at recent sales in the area.
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By examining homes in comparable neighborhoods with comparable assets.
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An identically equipped home recently sold in the neighbourhood is a comparable sale. Appraisers use comparable sales to determine a home's fair market value. Visit here https://myplumbersusa.com Professional Plumbers