realestate-comps

To estimate fair market value using comparable sales, you provide a residential address to gather 5–10 recent nearby sales and adjust them for differences in features, location, and timing. This process outputs an estimated fair market value range and flags whether the property is over or under priced.

A comps-based property valuation determines a home's worth by finding recent comparable sales and adjusting them for feature, location, and timing differences. You need this residential valuation method to reduce guesswork in investment screening and pricing decisions.

Yes, you can get a price-per-square-foot valuation for investment screening by providing a residential address. The system applies industry-style adjustment rules and calculates the valuation using weighted, median, and price-per-sq-ft methods to deliver an investment pricing assessment.

Price adjustments for real estate comps work by applying standardized rules to account for differences in size, beds/baths, age, condition, lot, garage, pool, location, and timing. Adjustment caps are utilized to limit the impact of overly-dissimilar comparable properties on the final valuation.

Limitations of comps-based real estate valuation include its restriction to residential property scenarios and reliance on web-sourced subject and comp attributes. When recent nearby sales data is scarce or comps are overly dissimilar, adjustment caps limit accuracy and reduce the comps confidence level.