👉 Settlement math, often used in real estate and financial contexts, is a method to determine the fair market value of a property by comparing it to similar properties that have recently sold in the same area. This process involves identifying comparable properties (or "comps") with similar characteristics such as location, size, condition, and amenities. The prices of these comps are then adjusted for differences to arrive at a fair price for the property in question. Factors like market trends, economic conditions, and local regulations are also considered to ensure the final valuation is accurate and reflective of current market conditions.
