Known in real estate as ""comps,"" comparable sales are the sales prices of similar homes and are based on:
Age & construction
Time frame of sale
TIP: Appraisers use comps in their evaluation of your home, but you can submit different comps if you feel that the ones chosen are outdated.
When it comes to buying or selling , both place a high level of importance on comps to determine a home’s value
Contact our team for a free consultation to learn more about what homes are selling for in your area.