February 2015

There are 1 blog entries for February 2015.

A comparable, or "comp", is a property that's used to help evaluate another property, also known as the subject property.  Sold comps are used to help establish a list price and/or value for a subject property. Active properties can be used to help evaluate the current market and local competition. All comparables, or comps, should compare as closely as possible to the subject property. Like many things in real estate, comps can be a matter of opinion. Obtaining the right comps can make all the difference in establishing a value of a property. So use recent sales on properties that compare well in size, location, acres and so on. Below you will find a few recommendations to follow when searching for real estate comparables.


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