Real Estate 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.

 

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Any comparisons to a percentage commission, such as 6%, are for illustration and comparison purposes only.
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