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  • A-1 Comp. Sales Comparable Sales Analysis Form

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Form A1 Comp. Sale (1214) COMPARABLE SALES ANALYSIS FORM NAME: 1 PROPERTY LOCATION: BLOCK/LOT/QUALIFIER MUNICIPALITY: SUBJECT COMPARABLE SALES (YOUR HOUSE) BL. L. Q. #1 BL. L. Q. #2 BL. L. Q. #3 BL.

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For example, an appraiser is considering a property that sold for $100,000 as a comparable. After all adjustments are made, the indicated value of the comparable is $121,000, a 21% difference in the comparable's sale price. This property, if allowed at all, would be a weak indicator of value.

Simply put, real estate comparables – or “comps” – are comparable properties in a specific area that you're looking to buy or sell in. Comps are used to determine the value of a home by comparing it to similar properties sold in the same neighborhood or in an area as close as possible to the house being valued.

During the valuation of a property a document called a Comparable Sales Report is created. This report shows the Cost and Sales Comparison Approaches that are used to determine the value of your home. This sheet is often referred to as the “comp sheet”.

Take the average cost per square foot for all comparable homes and multiply that number by the square footage of the home being appraised.

To appeal your property's assessment, File Form A-1 and Form A-1 Comp. Sale with the County Board of Taxation. Occasionally, property owners make changes or additions to real property after October 1, when municipalities set the value of property for tax purposes for the following tax year.

Real estate comps are recently sold homes that are similar to the property you're trying to buy or sell in terms of location, size, condition and features. Comps – an abbreviation of “comparable sales” – are used to determine a home's fair market value through the sales comparison approach to pricing property.

The comparable sales or market approach is a real estate appraisal method that is often used in determining the value of property in an eminent domain proceeding. Value is determined by comparing the subject property to other properties with similar characteristics that have sold recently.

The Sales Comparison Approach uses sales prices as evidence of the value of similar properties. The price at which a particular property sells is the price determined by the interaction of supply and demand at the time of sale. If supply or demand factors shift, prices generally rise or fall.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232