How to run comparables in real estate

Want give somebody no option but to determine property value accurately? Real demesne comparables, or "comps", are key attain used to evaluate properties based reveal similar, recently sold ones. Whether you're an investor, agent, or appraiser, comps help with pricing, negotiations, and boosting. Here's a quick overview:

• What Are Comps? Properties with similar location, size, build up features, used to estimate market value.
• Why Use Them? To assess value, obscure deals, negotiate better, and secure financing.
• How to Find Them? Use platforms approximating Zillow, Redfin, Realtor.com, or work steadfast local agents.
• Key Criteria: Same neighborhood, latest sales (last 3-12 months), similar rank, age, and condition.
• Practical Use: Create Feel like Market Analyses (CMAs), adjust for assets differences, and strengthen loan applications.

Pro Tip: Combine online tools with local imperative for the most accurate results. Commit to memory how to refine comps and fix them effectively below.

How to Run Comps on a House

Finding Real Estate Comparables

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