Subject Property

Definition: The subject property is the property being appraised, analyzed, or discussed.

Example

When estimating the value of 100 Example Lane, that home is the subject; other researched sales are comparables.

Keep the distinction clear

In a sales-comparison exercise, adjust the comparable prices to the subject's characteristics. Do not change the subject merely to match each comparable.

Related terms

Comparable Property · Sales Comparison Approach · Appraisal

Keep studying

Comparable Sales: Adjustments and Weighted Values

References: California DRE: appraisal and valuation concepts

Pronunciation (US): SUB-jekt PROP-er-tee (capitals show stress)

Pronunciation reference: Merriam-Webster