real estate comparables: Understanding Important Tools in Real Estate: Comparables
- 07/17/19 07:42 AM
If you are not familiar with real estate terms, the vernacular can be confusing and overwhelming. It truly is like learning a new language! But we are here to help. Today we will talk about comparables (or comps). Comparables (comps) is a real estate appraisal term that refers to properties that are similar to the property of which the value is being sought. They are properties in the same area that are around the same size, in similar condition, and have similar features. Whether you are buying or selling a home, you can learn a lot by comparing similar homes. 2 Important Facts
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