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What are comps?

“Comps” is a real estate term used to describe the comparable home sales that determines a homes market value. Comps are also used to help determine the appraised value of your home.

Seemingly simple, gathering comps is far from it. Understanding the metrics and parameters that qualifies a home from being or not being a usable comp will separate a good value range from a poor value range that will without question cost a family money in the long run.

Knowing your accurate comps keeps you in the know of your value range at all times and not guessing or speculating or worse using a computer generated estimation machine.

Fill out the form here to receive a monthly email of your current and ongoing comps.