Gross living area (GLA)
The finished, above-grade living space of a home. Basements and garages are usually listed separately, which is why square footage can differ between sources.
Also called: GLA, living area, finished square footage, heated square feet
Related terms
The price divided by the home's finished living area. It is a quick way to compare homes, but condition, lot, and location can make it misleading on its own.
Dollar amounts an appraiser adds to or subtracts from a comp's price to account for differences like an extra bedroom, a garage, or a pool.
A licensed appraiser's professional opinion of what a home is worth. Lenders require one to make sure the home supports the loan amount.
Recently sold homes near the subject property that are similar in size, age, and features. Appraisers and agents use them to estimate value.