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...
Real estate comps, short for comparables, are a way to gauge how much a property is worth by comparing it to other, similar properties. The more characteristics your home shares with the comps, the more accurate they are likely to be. Real estate agents and home appraisers use comps, ...
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Real estate comps are recently sold homes that are similar to the property you’re trying to buy or sell in terms of location, size, condition and features. Comps are often used by real estate professionals to determine a home’s fair market value. Individual comps are assembled into what’...
There are amazing benefits to investing, and one of them is the fact that you caninvest with little money. Also, you caninvest in real estate passively, which means earning without having much involvement. On top of that, you can make serious money. While there is no set salary, the ave...
Benefits of Wholesaling Real Estate Low Capital Requirements: Since you’re not buying the property outright, you don’t need large sums of money or traditional bank loans. In many cases, all you need is an earnest money deposit, which can be as little as a few hundred dollars. ...
“You never would have seen this design in Brandermill until now,” said Andy Wyman, an area real estate agent who said the house is the first on the waterfront to replace a tear-down of an older home. The year in high-end home sales started off with a bang with a nearly $4 millio...
An appraisal report will have specific details about the subject property. There will be a side-by-side comparison of similar properties that have sold and are for sale. These are known as comparable sales or “comps.” The appraiser will evaluate how the area’s real estate market is perfor...
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