An abbreviation for comparable property sales, rentals, incomes, etc , used for the purposes of comparison in the appraisal process A comparable is similar to the property, is in a similar neighborhood, and has sold and closed in a time frame according to market conditions noted on the front of the URAR
Properties that are substantially equivalent to the subject property, and which are used as a base to establish value through the market data approach of appraisal The three most significant kinds of comparable are recent sales, competing listings and new construction
A property with similar characteristics used to compare with a subject property for the purpose of determining the fair market value of the subject property
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
If two or more things are comparable, they are of the same kind or are in the same situation, and so they can reasonably be compared. In other comparable countries real wages increased much more rapidly By contrast, the comparable figure for the Netherlands is 16 per cent = equivalent
Recently sold properties that are similar to a property being appraised which provide an estimate of value
To negotiate the value of a startup one needs to refer to similar projects : the comparable As startups are by nature innovative, the comparable are not necessarily direct competitors using the same technology They are in the same sector, aim if possible at the same customer needs and above all use the same business model
Something that is comparable to something else is roughly similar, for example in amount or importance. paying the same wages to men and women for work of comparable value Farmers were meant to get an income comparable to that of townspeople The risk it poses is comparable with smoking just one cigarette every year. = similar