Blog > What Are “Comps” in Real Estate?

What Are “Comps” in Real Estate?

by Gordon Hageman

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“Comps,” short for comparable sales, are recently sold properties similar in size, condition, and location to the one being evaluated. They help determine fair market value for pricing and appraisals. Agents rely on comps to ensure clients make data-driven decisions.

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Gordon Hageman

Gordon Hageman

+1(480) 498-3334

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