Methodology
How to Make Use of The Context® Apartment Rating Function
Refer to the Context® function when:
Comparing one property with others of similar type is a part of a review, such as:
- The most directly comparable sales of other properties during a defined period;
- Selection of properties most competitive with a subject property within the subject property’s competitive zone;
Selection of all properties of a particular type ( i.e. only “A” category rated properties) is of interest;
Selecting an envisioned perfect property from metropolitan area apartment inventory when only a generalized range of characteristics – defined as most-desirable – is known.
The Context® rating system, the commercial real estate industry’s only objectively defined method for comparing one property, or property’s location, with other properties of similar type, is protected by United States Patents – 7,977,930 and 8,060,450.