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It is often difficult to price a property that you are going to sell, or evaluate the value of a property that you are going to purchase. Comparable sales, or comps, are the best tools that commercial real estate brokers, agents and investors have to determine the true market value of any property.

Business Brokerage Comparable sales are properties that have actually sold, not just listed, that have the same zoning, acreage, intended use and other similar characteristics in relation to the subject property. These properties that have sold indicate what the market is willing to pay for such properties, and are the best to base the value of the property going to sale, or to be purchased.

Home Purchase You can often negotiate a lower sale price by employing a buyer broker who works for you not the seller. If the buyer broker or the broker's firm also lists properties, there may be a conflict of interest, so ask them to tell you if they are showing you a property that they have listed. Do not purchase any house until it has been examined by a home inspector that you selected. Renting a Place to Live

Forex Broker Comparable sales may not always be the most accurate for your specific property. They could be from many years ago, may not be of similar use, many not have the same characteristics such as the availability of utilities, or may not have a comparable amount of road frontage, or could be a considerable distance from the subject property.

Any Customer who registers for the Until Sold Plan (with Yard Signs) time flat fee of $249.00, which entitles the Customer to maintain the property listing until sold.

Online Brokerage In order to get around this problem, you must use the closest properties that you can. You simply adjust the price according to the changes in the market or property characteristics.

Ticket brokers acquire them, and sell them for market, rather than face, value. Travel agencies put together package trips to games that include tickets. Tickets are auctioned off on Internet portals like Stubhub.com, auction sites like eBay. Notre Dame routinely travel to games without tickets. They know tickets will be available at the site from scalpers, folks who make money by buying or otherwise procuring tickets to major sports events and then reselling them at market price.

Real Estate Broker For example, if a comparable sale was from 2001, and the current year is 2006, then you can adjust the price according to the appreciation that the overall commercial market has experienced in a specific area.

The present right to possession with the right to acquire legal title once a preceding condition has been met. Equity The value of real estate less the outstanding mortgages and debts pledged against the property. Fair Market Value The price a property would sell for on the open market. Fee Simple Common term used to indicate complete legal ownership of a property.

Agency Brokerage Spark Or, if the subject property has a total road frontage of 200 feet, and the comparable sale property has frontage of 1000 feet, you can adjust the price or value appropriately.

e.g., 1313 Mocking Bird Lane 66754 The IN MLS service is an Association of real estate Brokers agents and professionals who agree to share the MARSHALL, Indiana listings with each other. This method allows a listing broker (the agent who is offer the home for sale) and a selling broker (the agent who brings the buyer) the ability to select from all the homes offered by any IN MLS member. Property appraisers are professionals that can provide you with an accurate picture of the fair market value of your MARSHALL, Indiana home. If you're looking to find out exactly what your property is worth, property appraisers are where you should turn. Appraisers use a vast amount of information to determine the fair market value of your home. While an online home appraiser may not be as common as a traditional home appraiser yet, it is gaining in popularity and some lending institutions are even beginning to use online home appraisers for their needs.

Business Broker As you can see, finding the true current market value of a property can take some investigation and adjustment in relation to the properties that have sold in the past. The more recent and similar the comparable sale is, the easier and more accurately you can assess the true value of the property.

Brokerage Account It is a good idea to collect as many comparable sales as possible and take inventory of each. What are the characteristics? What are the uses? Assess each one individually and then group them together to determine an overall consensus. You should be able to determine the current market value at this point. The more properties you have to pool from, the more accurate a number you will have.

Stock Broker Very often brokers or agents supply you with comps from the area of interest as part of the service of selling the subject property. If you are not familiar with the area, you must be leery of the comps that they send you.

Brokerage Online Stock Trading I have received comps of properties in the most affluent areas for a subject property that was positioned in a lower to medium class area which completely misrepresented the true market value of the property. Unless I had investigated further and asked many questions, I could have easily taken this property as a true comparable sale, and would have expected a far greater return than what I really would have experienced.

Broker Justin Ticket Using comparable sales can be tricky in an area where sales are not abundant. If necessary, use a similar city and find properties that may be more appropriate for the subject property. A broker or agent familiar with the area, one that does not have an interest in the subject property, may be a good source to analyze and critique the validity of the comps at hand, as well as applying them to the subject property.

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About The Author:

Commodity Broker Tony Seruga, Yolanda Seruga and Yolanda Bishop of http://www.maverickrei.com specialize in commercial and investment real estate. As of May, 2006, they and their partners are managing over $600 million dollars worth of new projects.

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