What Are Real Estate Comps?
Real estate comparable (comps) are similar, recently sold properties that can be used to determine a home’s value when buying or selling. An effective comp will closely mirror the features of the home it’s compared with.
An ideal match could include a condo unit in your building with the same floor plan or a home in your neighborhood that’s similar in age, condition and size. Read more…….
Source: From our friends at homes.com