Sales Comparison Approach at Real Estate Glossary

What is it? The process of estimating the value of a property by examining and comparing actual sales of comparable properties. (See appraisal)

Real Estate Definition Added By: Lucas

Send To Friends!

If you'd like to send the Sales Comparison Approach definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Sales Comparison Approach. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Real Estate Terms:

Real Estate Term Priority is The order of position, time or place. The priority of liens is generally determined by the chronological order in which the lien documents are recorded; tax liens, however, have priority even over previously recorded liens. Thus the old adage prior in ti

Real Estate Term Listing Presentation Manual is Used by real estate brokerages to make presentations to listing prospects. A visual aid used in combination with a verbal presentation made by a real estate agent.

Real Estate Term Tax Levy is The amount to be raised from the general real estate tax is then imposed on property owners through a tax levy. A tax levy is the formal action taken to impose the tax, usually a vote of the taxing districts governing body.

Real Estate Term Destruction Of Premises is In many states, once the sales contract is signed by both parties, the buyer bears the risk of any damage to the property that may occur before closing. Of course, the contract may provide otherwise.

Real Estate Term Workout is The various ways to offset a foreclosure. (See moratorium, waiver)