What Are Comps? Understanding a Key Real Estate Tool
Zillow
JULY 13, 2015
"Comps," or comparable sales, is a term anyone on either side of a real estate transaction should know well. It refers to homes located in the same area and very similar in size, condition and features as the home you are trying to buy or sell. Buyers look at comps when deciding what price to offer on a home, and sellers use comps to figure out how to best price their home for the market.
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