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Sales comparison approach
Sales comparison approach The process of estimating the value of a property by examining and comparing actual sales of comparable properties.
RELATED TERMS--------------------------------------
Value
The measure of the monetary equivalent of a property. The four essential elements of value are utility, scarcity, demand and transferability.
Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
SIMILAR TERMS--------------------------------------
Sale contract
A written agreement between buyer and seller that details price and other terms and conditions of sale.
Sale property
Property in Sale, Morocco. Apartments, flats, houses, offices and other property in Sale.
Sale-leaseback
A technique in which a seller deeds property to a buyer for a consideration, and the buyer simultaneously leases the property back to the seller.
Salem property
Property in Salem, USA. Apartments, flats, houses, offices and other property in Salem.
Salerno property
Property in Salerno, Italy. Apartments, flats, houses, offices and other property in Salerno.
Sales comparison value
A value indication derived by comparing the property being appraised to similar properties that have been sold recently.
Sales contract
A real estate sales contract contains the complete agreement between a buyer of a parcel of real estate and the seller.
Salesperson
A person employed directly or indirectly by a licensed real estate broker to perform various tasks and responsibilities.
PREVIOUS AND NEXT TERMS--------------------------------------
S and L
Savings and Loan Association, a state or federally-chartered depository financial institution that was primarily a provider of home mortgages but since deregulation in the 1980’s to offer services similar to a commercial bank.
Safe Drinking Water Act
Enacted by Congress in 1974, this federal law administered by the EPA and equivalent state regulators to establish and enforce drinking water standards.
Safety clause
It provides that a broker is still entitled to a commission for a set period of time after the listing has expired if the property is sold to a prospect, who was introduced to the property by the broker, during the period of the listing.
Sale contract
A written agreement between buyer and seller that details price and other terms and conditions of sale.
Sale-leaseback
A technique in which a seller deeds property to a buyer for a consideration, and the buyer simultaneously leases the property back to the seller.
Sales comparison approach
Sales comparison value
A value indication derived by comparing the property being appraised to similar properties that have been sold recently.
Sales contract
A real estate sales contract contains the complete agreement between a buyer of a parcel of real estate and the seller.
Salesperson
A person employed directly or indirectly by a licensed real estate broker to perform various tasks and responsibilities.
Saltbox style
A design that dates to colonial times and takes its name from the shape of saltboxes.
Sandwich lease
When a tenant has a current lease with the owner of a property and then "sublets" the property to a third party.
This dictionary contains 6433 terms. |
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