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Under a Vermont Supreme Court ruling, cost is a valid measure of such a property's value, they argued; plus, by their calculations, $6 million was close to what recent sales of comparable property indicated the house would bring if sold.
Another resource: The real estate agent who sold you your house might put together a list of comparable property sales (not listings) for you in hopes of a future referral.
Appraisals, he said, are "not an objective science," even though each report is supposed to base much of its final conclusion on what are known in the industry as comps, or previous sales of comparable property.
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Owners can easily look up "comps" — recent sales of comparable properties — to get a sense of a property's value.
The listing agent for the warehouse that he bought also provided information about cash flow, rents and major expenses like property taxes, and he was able to contrast the numbers with those of comparable properties under consideration.
The price of a house is usually established by an analysis of sales of comparable properties — not what it could rent for.
The rules are based on factors like the cash flow of a business or its history of dividends or, in the case of real estate, sales of comparable properties.
Ms. Cannon, a 29-year-old recruiter for the University of Southern California, said Mr. Rode had accessed the data through a new tool for brokers called Market Snapshot — which was an improvement over traditional packets of comparable properties that other brokers provide.
They sit with major investments like Hilton, bought at twice the EBITDA valuation of comparable properties today.
Although an ongoing resistance to apoptosis induction in EGI-1 cells could be observed after treatment with Salinomycin, we found strong indication of comparable properties of the agent to impair cell function of EGI-1 cells as observed in Mz-ChA-1 and TFK-1 cells.
Ask the selling agent for recent sales of comparable properties in the area.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com