Homes of similar size, condition, age, and style that recently sold in a certain neighborhood. Evaluating comparable homes and their prices can help determine the fair market value for a home.

Comparables are examined by buyers, sellers, and real estate agents in a comparative market analysis (CMA) to establish a price range for a home based on current market activity. Comparables are also used by appraisers to determine the fair market value of a home during an appraisal.

A quality comparable is most similar to the home in question in terms of:

• Last sale price
• Number of bedrooms & baths
• Age & style of home
• Condition of home
• Lot size & condition
• Views & waterfront access