Such a broker will «run the comps» (short for «comparables»), which means compiling a list
of nearby homes similar to yours and their final selling price.
Not exact matches
Next came
similar crises in North Dakota on Dec. 31 and in New Brunswick on Jan. 7
of this year, both
of which required evacuations
of nearby homes.
A
similar proposal was voted down in
nearby Hurley based on board members fears
of a loss
of home rule to Byway cooperative agreements there.
The vast network
of crisscrossing cracks that are seen on the surface
of Europa are caused by the intense tidal forces
of the massive,
nearby Jupiter and the orbital resonances with the other
nearby moons
of the Jovian system,
similar to the way that the gravity
of the Earth's Moon causes tides on the oceans
of our
home planet.
If a neighborhood has recently seen several distressed
homes sold, the value
of nearby similar properties can be negatively affected.
You may think you identified the perfect location for your new
home, without realizing that
similar homes nearby come with significantly lower taxes while still being in proximity to all
of your needs.
For example in
nearby Mountain
Home State Forest a cataclysmic fire hit virtually every tree in 1297 at the end
of the MWP...
similar to an 1849 fire that affected multiple groves and watersheds within Sequoia National Park....
While Koolwal says he hasn't thought about it, the Facebook Local app could one day be a good
home for Facebook's
Nearby Friends, which shows real - time locations
of your friends
similar to Snapchat's Snap Map.
After a deliveryman closes a door to leave a
home, there's a brief window
of time in which an attacker, perhaps someone lurking in the bushes or in a
nearby car, can send out his own deauthorization script,
similar to the first attack.
The definition
of comparable properties is
homes nearby which are
similar in size, age and condition to the subject property.
Sales prices
of recently sold
nearby comparable
homes as well as asking prices
of similar neighborhood
homes now on the market should be included.
The most important factor is a breakdown
of «comparables» —
nearby homes or properties that have sold recently and are
similar in size and features to the
home being appraised.
Appraisal A written justification
of the price paid for a property, primarily based on an analysis
of comparable sales
of similar homes nearby.
There are a lot
of factors that go into determining a
home's market value, such as the sales price
of nearby homes that have recently sold, the listing price
of similar homes that are currently on the market, as well as the condition and location
of a
home.
These include the condition
of the rest
of the house, the value
of similar homes nearby, and the rate at which property values are changing in the surrounding area.
This form shows recent sales (not asking) prices
of comparable neighborhood
homes, asking prices
of similar nearby homes now listed for sale and even the asking prices
of recently expired listings
of neighborhood
homes thatdidn't sell (usually because they were overpriced).