In real estate, comparables means: Recently sold properties that are similar in size, location and condition to the one being valued, used as evidence of its likely price.
In Turkish: emsal, emsal mülkler, karşılaştırılabilir satışlar
How it is used
Usually shortened to comps. Agents pull comps to suggest an asking price, and appraisers adjust them for differences such as an extra bedroom or a sea view. Good comparables are recent, nearby and truly similar.
Example sentences
Based on the comparables, I'd put the flat on the market at 3.8 million.
There are very few comparables for a house this unusual.
Common collocations
pull comps
recent comparables
comparable sales
adjust the comparables
Related terms
appraisalA professional estimate of how much a property is worth, made by a qualified appraiser, often because a bank needs it before lending.
market valueThe price a property would most likely sell for on the open market, between a willing buyer and a willing seller who both know the relevant facts.
valuationA professional opinion of what a property is worth, or the figure that results. Agents, surveyors and lenders all carry out valuations for different purposes.
price per square meterThe price of a property divided by its floor area, used to compare homes of different sizes in the same area.
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