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Understanding the World of Glenview Comps
 
If you want to sell your Glenview home and are trying to figure out just what the magic is when it comes to "comps", here are some things to help you understand the world of comparables a little bit better.
First, the word “comp” is short for “comparable”, and is simply the value that other nearby homes have established for themselves and will ultimately help to establish for your home as well.
To qualify as a comp, a home must be similar to yours in size and amenities; in other words, don't compare a 2,500 square foot house to one with 1,100 square feet. You also wouldn't want to compare a home with a pool to a home without a pool, unless possibly the one without the pool has something similar to offer--a tennis court, perhaps--to bring it to the level of the pool home.
The comp should also be in an area near and similar to yours, including close to the same schools, libraries, shopping areas, or amenities special to your part of the world such as a lake or the beach.
Homes in your area that have recently sold are great to use as comps. You may even ... more

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