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If you multiply $218 by the square footage of the home in question — for instance, 2,100 square feet — the home’s value based on comparable PPSF might be around $457,800.
Comparables (or comps) is a real estate appraisal term referring to properties with characteristics that are similar to a subject property whose value is being sought. This can be accomplished either by a real estate agent who attempts to establish the value of a potential client's home or property through market analysis or, by a licensed or certified appraiser or surveyor using more defined ...
A broker price opinion (BPO) is a real estate professional’s dollar estimate of a property’s worth. It is an opinion, but one often backed up by the selling prices of comparable homes in ...
Wikipedia is a free online encyclopedia that anyone can edit and contribute to. It contains millions of articles in hundreds of languages, covering various topics and domains. Learn more about the list of most-visited websites on Wikipedia, and discover how popular and influential they are in the world.
Real estate appraisal, property valuation or land valuation is the process of developing an opinion of value for real property (usually market value).Real estate transactions often require appraisals because they occur infrequently and every property is unique (especially their condition, a key factor in valuation), unlike corporate stocks, which are traded daily and are identical (thus a ...
Here are 10 crucial questions to ask both yourself and others when buying a house. 1. What’s my total budget? Don’t waste your time looking at houses without first understanding how much house ...
Sales comparison approach. The sales comparison approach ( SCA) is a real estate appraisal valuation method that relies on the assumption that a matrix of attributes or significant features of a property drive its value. For examples, in the case of a single family residence, such attributes might be floor area, views, location, number of ...
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