{"id":1369,"date":"2018-02-14T05:35:02","date_gmt":"2018-02-14T05:35:02","guid":{"rendered":"http:\/\/www.realestatewords.com\/?page_id=1369"},"modified":"2023-05-26T18:44:52","modified_gmt":"2023-05-26T18:44:52","slug":"comparable-sales","status":"publish","type":"page","link":"https:\/\/www.realestatewords.com\/comparable-sales\/","title":{"rendered":"Comparable Sales"},"content":{"rendered":"<h2>Comparable Sales Definition<\/h2>\n<p>A comparable sale, referred to as a &#8220;comp&#8221;, is a real estate term used when trying to determine a specific property&#8217;s market value. The specific property whose value is being determined is referred to as the &#8220;subject property&#8221;.<\/p>\n<p>The comparable sale (&#8220;comp&#8221;) is the recent sale of another property that is similar to the subject property. A comp is selected based on its similarities to the subject property in terms of location, size, age, condition, and features.<\/p>\n<p>By looking at the comps when conducting a <a href=\"https:\/\/www.realestatewords.com\/comparative-market-analysis\/\">comparative market analysis<\/a>, a real estate professional can estimate the subject property&#8217;s current market value.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"shortcode_tabs horiz_tabs\"><div class=\"scT\"><ul class=\"scT-tab clearfix\"><li class='tS' style='width:100%;'><a>Expert Contributor<\/a><\/li><\/ul><div class='scTC scTC459' style='display:block;'><p>\n<p><strong style=\"font-size: 15pt;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-10399\" src=\"https:\/\/www.realestatewords.com\/wp-content\/uploads\/2019\/11\/Kristina-Morales-REALTOR-headshot.jpg\" alt=\"Kristina Morales REALTOR headshot\" width=\"150\" height=\"180\" \/><\/strong><strong style=\"font-size: 15pt;\">Kristina Morales<\/strong><\/p>\n<p><em>REALTOR\u00ae, Team Lead<\/em><\/p>\n<p>Expert contributor at RealEstateWords.com<\/p>\n<p>&nbsp;<\/p>\n<p><strong><a href=\"https:\/\/www.realestatewords.com\/contributors\/kristina-morales\/\" target=\"_blank\" rel=\"noopener noreferrer\">View profile<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<\/p><\/div><\/div><\/div>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-10688 aligncenter\" src=\"https:\/\/www.realestatewords.com\/wp-content\/uploads\/2020\/03\/Real-Estate-Words-Contributor.png\" alt=\"Real Estate Words Contributor badge\" width=\"200\" height=\"168\" \/><\/p>\n<p style=\"text-align: center;\">Interested in becoming a contributor? Apply for our <a href=\"https:\/\/www.realestatewords.com\/contributor-program\/\">Expert Contributor Program<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Comparable Sales Definition A comparable sale, referred to as a &#8220;comp&#8221;, is a real estate term used when trying to determine a specific property&#8217;s market value. The specific property whose value is being determined is referred to as the &#8220;subject property&#8221;. The comparable sale (&#8220;comp&#8221;) is the recent sale of another property that is similar [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/pages\/1369"}],"collection":[{"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/comments?post=1369"}],"version-history":[{"count":4,"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/pages\/1369\/revisions"}],"predecessor-version":[{"id":11460,"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/pages\/1369\/revisions\/11460"}],"wp:attachment":[{"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/media?parent=1369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}