Talk:Comparables

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Untitled

comparables are things that compare.

Merge proposal

i am thinking that this article could be enhanced if it were to include the content from the Comp Check article. i'm thinking that a comp check is essentially just the process of an appraiser using comparables Minnaert 16:59, 5 April 2007 (UTC)[reply]

Good idea to merge. Do you want to go ahead? With appropriate cross refs. it makes sense. First define the term and its usage, then relate to appraisers' use via comp check. Viva-Verdi 20:00, 6 April 2007 (UTC)[reply]

I'd suggest not. For one, "comp check" is a slang verb describing a sort of "mini-appraisal" (not really, but let's call it that) performed by an appraiser, broker, or other knowledgeable person to estimate a price. "Comp checks" are generally done outside the scope of the Uniform Standards, and the outcome really can't be called an appraisal. On the other hand, "comparable" is a term of art referring to the market transaction data used in an actual appraisal. While the sales comparison approach (SCA) is often erroneously called the "comparable data approach", and while the "comp check" resembles a mini-SCA, all three approaches to value actually use comparable data. Hence, for people trying to learn something about real estate appraisal (or "surveying", as it's known in much of the rest of the English speaking world), then both topics should probably be included in wiki, and "Comparables" deserves a rigorous, separate discussion. --Thesurveyor

I agree with Thesurveyor. Let's use this to educate the public.--Appraiser 21:45, 1 July 2007 (UTC)[reply]