4 Truths About Real Estate Comparables
Posted by Admin Staff on
"Comparables" in real estate refer to comparable home sales. You might even hear this abbreviated as "comps." Comps help sellers and their agents identify an accurate listing price for a home — one that captures more buyers, minimizes time on the market and clears the path for a smooth transaction. Home buyers reference comps to decide how much to offer on a home, so that they make sure they're not over-paying. An appraiser sources their own comps to help accurately assess how much a home is worth. When analyzing real estate comps, it's important to heed a logical criteria of comparison. Let's go over the four most important criteria, so that you can understand how to accurately and fairly price your home when the time comes to sell.
1) Compare…
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