Show why each property belongs

Begin with the features that most shape the buyer's alternatives. In a condo, this may include the building, layout, assessments, parking, and outdoor rights; in a house, it may include usable space, condition, lot characteristics, and access. Record those features for your home first, then compare the other property against them. A sale on the next block can still be a weak comparison when its ownership structure or renovation scope differs materially.

Keep a column for known terms and another for uncertainty. A published closing price without concession information may not tell you the same story as a fully understood transaction. Explain why older or less similar sales were included if the local sample is thin. Then present a range with the evidence driving its upper and lower portions. This does not authorize invented adjustment amounts or a claim that the market will pay a precise figure. It makes the reasoning reviewable and gives you a useful starting point for a launch strategy and later reassessment.

  • Describe your home first.
  • Explain similarity and differences.
  • Keep missing terms and thin samples visible.

This answer belongs to Home value and pricing in Chicago: compare the right evidence. Read the guide for the wider transaction context.