Definitions for "Comparable Sales"
Comparable sales are properties similar to the property being financed; they are reasonably similar in size, location, appeal and amenities and have been recently sold (ideally in the last 6 months). Comparables help the appraiser determine the approximate fair market value of the subject property. Also referred to as Comps.
Sales which have similar characteristics to the subject property, used for analysis by the appraiser.
Sales that have very similar characteristics as the subject property.
Keywords:  compensating, balance
Compensating Balance