Market Terms
Comparable/Comps
Similar properties used to estimate market value
Full Definition
Comparables are similar properties that have recently sold, used to estimate a property's market value. Good comps should be nearby, similar size/type, and recently sold (within 6 months). Check Land Registry, Rightmove sold prices, and Zoopla for comparable data. Multiple comps provide more reliable valuations.
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Analyse a PropertyMore Market Terms Terms
Below Market Value (BMV)
Property priced lower than comparable sales
Auction Property
Property sold through public bidding process
Off-Market Property
Property for sale not publicly advertised
Property Sourcer
Person who finds investment properties for fees
Rent-to-Rent (R2R)
Renting property then subletting for profit
Rental Demand
Level of tenant interest in an area