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What Are Comps and How Are They Used to Value Your Business?

Midstreet Blog

You may have heard of comparable sales (comps) before in the context of buying or selling a home. Comps are a highly valuable tool to find the value of a home or a business. One of the first steps in planning to sell your business is to get a business valuation.

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Comment on GLA Adjustment: Adjusting Full Difference vs a Threshold Amount by Baggins

Appraisers Blog

Three comps of a matching model in the same neighborhood, sales prices 100, 125, 150. Comps selections represent one better, one worse, one similar. The closer one can identify comps, the less the total amount of adjustments that would need applied. The alternative is a classical simple mathematical approach.

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Comment on Disparate Treatment and Impact in USPAP by Johnny Q

Appraisers Blog

The comps/market and analysis speaks for itself. Is the analysis sound, are the comps conditionally and locationally adequate and relevant to the subject. More redundancy and gobbledygook for USPAP. End of story. Who’s concerned about ethnicity or race and how can one appraise a property on that basis?

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Value Analytics—Financial Statement and Equity Data at Your Fingertips

BVR

Finding public comps for valuation purposes can be a challenge, requiring either a fair amount of digging or a considerable expense (and sometimes both). However, finding these data doesn't always have to be a struggle, thanks to Value Analytics. Let's take a closer look at how this platform makes things a little easier.

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Comment on The Unbiased Reality of Census Tract Data Dump… Open Letter to FHFA by Pat Turner

Appraisers Blog

FHFA has no proof of racial bias by appraisers, relying instead on Census Tract data irrelevant to selecting comps.

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Comment on GLA Adjustment: Adjusting Full Difference vs a Threshold Amount by Baggins

Appraisers Blog

There is an appraiser around me whom always uses 9-12 comps and then just scoots the ones which have narrower net/gross adjustments to the front, yet leaves the others in there, despite them having insane high net/gross adjusts and adjusted sales values which are at times a quarter or more difference. They’re like anti comps.

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Comment on Disparate Treatment and Impact in USPAP by Bill Johnson

Appraisers Blog

“This girl runs comps, and in my office our goal is to have each comp take about one minute. When we timed her, she averaged at about one or one and a half minutes per comp. We talked about it and now she’s working to hit one minute per comp. [link] In the above post, the following was stated.

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