In real estate, comps are similar homes in your area that have sold relatively recently- that is the most straightforward definition. The more the comparable properties share in common with the seller’s house, the better. Real estate agents refer to these as “sold comps.” Comparables are p...
comps also come from the same area and the same, recent time period. For example, if you’re trying to compare a two-bedroom, one-bathroom house, your comps would include other two-bed, one-bath houses in your neighborhood that have sold over the past several months. They might also in...
The second building owner that I spoke to yesterday is also located in a suburb of a metropolitan area with a population of over 1 million people. Their building is the tallest structure in a half mile and is surrounded by residential homes. The cell tower ordinance and zoning requirements wi...
A few years ago, Brad and I were at one of our favorite casino “homes,”The Orleansin Las Vegas, a large brightly-lit, very attractively themed casino off the Strip. We were playingvideo pokerwithin sight of the high-limit area, where we noticed a man, sharply dressed, playing all by...