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
There are a number of ways to get comps on a house. In this guide, we outline five tried and trusted methods.
“comps” in real estate; they are recently sold properties that are similar to a specific property in terms of size, location and features. As an example, for a 3-bedroom, 2-bathroom house in a specific neighborhood, comps would be other 3-bedroom, 2-bathroom houses in the same ...
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value to the comp price if it has more bedrooms than your house or subtracting value if its interior is comparatively outdated, for example.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 ...
A listing agent, also called a seller’s agent, usually invests more time and effort in your property upfront, such as pulling comps, marketing the home and holding open houses. This investment makes it trickier to break up with them. Figuring out what you’ve signed: The most common ...
Visiting open houses is another great way to get a feel for whether or not your combination will match what’s available.(Read herefor other tips from former owners who combined apartments.) Finally, even if the layout makes sense, the combined maintenance fees might be prohibitive. Do the ...
Comparable houses, or comps, in your area Market trends–are local sales increasing or decreasing in volume and price over time? Special amenities your house offers (pool, hot tub or a multi-car garage are just a few examples) You can find information on recent sales on sites like Zillow ...
visor to ensure any property you find on such sites will cash flow. You can also use Mashvisor’s tools to conduct neighborhood analysis orrental market analysis. This will help you identify the best location for rental income property for sale based on real estate analytics and data comps....
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'...
Research comps and price-growth projections to find neighborhoods and homes that will give you the best ROI Areal estate licensewill also allow you to represent yourself legally in real estate transactions, giving you more control over the process and saving you money on commission fees. If you ...