Comps

June 15, 2021

Why the Comps are So Important to Look at When Selling Your Home

Comparables, or comps, are how you calculate the value of your home based on the recent sales prices of homes in your area. As a seller, you and your real estate agent will use comps to figure out your asking price. Comparatively, buyers and their agents will also be using comps to determine how much to offer on homes in their price range. Comps are crucial for sellers to get the best sale price on their home and to get their home sold in a reasonable time. Price your home too low and you are potentially losing out on a lot of money. Price it too high and your home could sit for months on the market. The key to […]