Comparable Property

A comparable property, often called a "comp," is a property with characteristics similar to the property being evaluated. Comparables are commonly used when estimating market value. Relevant characteristics can include location, plot size, covered area, property type, age, condition, road position, and development status. Using appropriate comparables can provide a more realistic understanding of market prices. However, properties that appear similar may still have significant differences affecting their value.

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PKR 1.25 Crore

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