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What are "comps"?

Posted by: raindrop 9 years ago


Realtors use "comps," a shortened term for comparable sales, to establish the value of a home through a Comparable Market Analysis.

Establishing good comps depends on a number of factors including: Conditions of the sale (i.e. short sale, foreclosure, traditional), Financing Conditions, Market Conditions (how long ago did the home sell and has the market changed since then?), locational comparability, physical comparability.



Our initial experience with you, especially with your demonstrable expertise, knowledge, and willingness to both educate and work with us regarding the market and related considerations particular to Coronado, resulted in a gratifyingly helpful and positive experience for us.

—Robert R. READ MORE