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...
Even if the reason homes are going for less than asking these days is due to the market struggling to find its footing,Vanessa Grisalez, broker associate with Miami Residential Group, says there are some ways to walk away from your home purchase feeling like you got a good deal. ...
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...
Comparable properties: Sales, listings, vacancies, cost, depreciation and other factors for similar houses in the same market. This information is combined to create a final opinion of value for the home and delivered in an official report. Although more thorough than an online estimate, appraisals...
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...
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'...