comparables

Definition

Recently sold properties used to determine market value, cherry-picked by whichever party needs to prove their point. The art of comparing apples to slightly different apples.

Example Usage

The listing agent's comparables suggested a $500K value while the buyer's agent found comps supporting $450K, proving that data is infinitely flexible.

Origin

Shortened from 'comparable sales,' fundamental to appraisal methodology

Fun Fact

In hot markets, agents joke that today's comparables are obsolete by tomorrow, making pricing strategy more astrology than science.

Source: Real estate appraisal and valuation terminology

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master lease

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comparables analysis

The process of evaluating recently sold similar properties to determine market value, essentially treating home pricing like comparison shopping for toasters. It's the foundation of appraisals and every pricing strategy that claims to be data-driven.

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option contract

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