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 include properties that are currently on the market. ...
To find appropriate comps for a house — whether it’s one you want to sell or want to buy — your first step is to get clear on the property. Make a list of all the details that define it, such as where it’s located, its size, how much land it sits on, the number of bedro...
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 A comp is a free good or service given by the casino to "good" players. Keep in mind that, from the casino's point of view, a good player is one who spends a lot of money. People who place large bets or spend hours at slot machines will often receive free hotel rooms, din...
Comps are based on the length of time the player spends at the casino and the stakes he or she is playing at. Ask a casino employee or someone at the information desk how to get your play rated. You may have to notify the dealer at the table you play at, or sign up for a "...
OPEN HOUSES Open houses are a great lead source—and not just for the property you’re showing. Even if you just get neighborhood lookie-loos at the very top of the funnel, open houses give you an opportunity to get your name out there for the future. Instead of having people sign-in...
ll need to adjust for differences between your house and the comps, such as adding value to the comp price if it has more bedrooms than your house or subtracting value if its interior is comparatively outdated, for example. After adjusting values, look at your highest and lowest comps. A ...
But note that not all agents agree it’s worth the price. “I’d recommend skipping an appraisal andasking an agent to run comps for youinstead,” Breeckner says. “Considering the cost of an appraisal, it just makes more sense to talk to a few real estate agents first.” ...
Here's a step-by-step guide on how to buy a house you love—and can actually afford. Feed your brain. Fund your future. Subscribe now 1. Check your credit Before you hit any open houses, make sure you have—or are actively working on getting—a good credit score. That shows you'...
Comparables, or comps, are used to establish a reasonable price for an asset based on the prices recorded recently for similar assets. Comparables are important to pricing decisions in many industries but are essential in real estate. They are an important factor in determining the fair value of...