Comparable Sales and Comps
How an appraiser chooses comparable sales: market area, arm's-length checks, dates and adjustments, and the sales a reviewer rejects in Claremont.
Start with the guide
How Comparable Sales Are Chosen, and Which Ones a Reviewer Throws Out
9 min read
- 01What is a comparable sale?
- 02Step 1: Define the market before searching
- 03Step 2: Collect and verify the sales
- 04Step 3: Check the dates
- 05Step 4: Adjust for the differences buyers pay for
- 06The screening sheet: keep or reject
- 07What a reviewer throws out in Claremont
- 08How a reviewer reads the comparables
- 09From three adjusted sales to one opinion
- 10What comparable selection is not
- 11Next step
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