Return to the Property Gems home page You are here: Home / Property Glossary / comparables
"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 , and amenities and have recently been sold. Comparables help the appraiser determine the approximate fair market value of the subject property."
See also:
chattel
closing
cooperative
cornice
|
|