1. Understand your home’s specs 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...
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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...
5 ways to find real estate comps in your area See more 10 awesome real estate tips for home sellers See more Want a professional estimate? Request a free, no-obligation consultation with a Redfin Agent. We'll get back to you within one hour. ...
while underestimatinga home’s valuemight leave money on the table. To price your home perfectly from the start, consult localreal estate comps. This information about recently sold properties in your area gives you an idea of what comparable homes around you are selling for, thus helping you ...
The short answer’s easy: A house is worth whatever someone will pay for it. The long answer depends on the market and whether you’re asking a lender, an agent or a county tax assessor. Knowing how to calculate your home’s value with the help of online tools and trained professional...
There are also several traditional ways you can find a qualified realtor. Take note of which realtors farm your neighborhood. They’ll be the most in tune with comps, recent sales, activity, market trends, and so forth. Also, ask friends and relatives for referrals. Depending on the amoun...
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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...