What makes a sale a comparable sale?
Padove Appraisal Service
FEBRUARY 6, 2018
Many are familiar with the use of comparable sales, or “comps” in residential real estate appraisals. In this blog entry, I will explain how this technique is used. A discussion of comparable sales begins with an explanation of why this approach is used in the valuation of real estate. Comparable sales reflect actual market reaction to similar residences, offering insight into anticipated market reaction to the property being appraised.
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