1058-unit Benchmark
The 1058-unit benchmark is a standard used in real estate appraisal to evaluate the comparability of properties. It ensures that selected comparable sales are sufficiently similar to the subject property, playing a crucial role in accurate property valuation.
What is 1058-unit Benchmark?
The 1058-unit benchmark is a critical measure within the realm of real estate appraisal and property valuation, specifically associated with the Uniform Appraisal Dataset (UAD) standards established by Fannie Mae and Freddie Mac. It represents a specific threshold or standard against which the comparability and accuracy of comparable sales (comps) are assessed when determining a property’s market value.
Appraisers use this benchmark to ensure that the selected comparable properties are sufficiently similar to the subject property. The
