DEFINITION of 'Comparables'

A valuation technique in which a recently sold asset is used to determine the value of a similar asset. This technique is often used in real estate to determine the initial sale price of a property.

BREAKING DOWN 'Comparables'

This technique is helpful for accurately appraising the value of any asset. For example, a real estate agent may appraise the value of a home based on the most recent selling price of a house in the same neighborhood with similar attributes, such as square footage and the number of bedrooms and bathrooms.

  1. Comparative Market Analysis

    A comparative market analysis is an examination of the prices ...
  2. List Price

    The list price, in the real estate world, is the suggested gross ...
  3. Appraisal Approach

    A procedure for determining an asset's value. The appraisal approach ...
  4. Sales Comparison Approach - SCA

    A real estate appraisal method that compares a piece of property ...
  5. Asset Valuation

    A method of assessing the worth of a company, real property, ...
  6. Qualified Appraiser

    An individual who has earned an appraisal designation from a ...
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