comparative market analysis

Definition

The real estate agent's crystal ball that uses nearby home sales to predict what yours might sell for. It's part science, part art, and part wishful thinking depending on who's paying for it.

Example Usage

According to the comparative market analysis, your home is worth $450K, unless you're buying—then similar homes are somehow worth $500K.

Source: Real estate appraisal and sales practices

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takeoff

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common area maintenance

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