Safe rate: The rate a Iow risk, liquid investment achieves Sales comparison approach A way to determine market value by comparing a subject property to properties with the same or similar characteristics.

Sale cost: The brokerage commissions and fees, and any additional transaction costs that are incurred during the sale of the property.

Sale price: The total amount paid to the seller at time of sale.

Sale proceeds before tax: The sale price minus the sale costs and the mortgage loan balance.

Sale proceeds after tax: The sale proceeds before tax minus the tax liability on the sale.

Sinking fund: A fund designed to accumulate a designated amount of money over a specified period of time. The periodic amount of money deposited plus compound interest will accumulate to the designated amount of money over the specified period of time.

Sunk costs: Investment costs that are committed and cannot be recovered.

Supply: The amount of property that will be made available for sale or rent at a given price or rental rate.

Suspended losses: Passive losses that cannot be used in the current year are "suspended" for use in future years or at the time of sale.