Business, Legal & Accounting Glossary
A sale that does not represent a market transaction. If, for example, a house sells for $100,000 on a street where similar houses sell for $200,000, then the first home would be considered an abnormal sale. An appraiser may choose to disregard abnormal sales when selecting similar properties to compare values.
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This glossary post was last updated: 20th November, 2021 | 0 Views.