Condos involve ownership of the interior unit only, while townhouses usually include the land beneath. Condos often come with shared amenities and higher HOA fees, whereas townhomes offer more independence. The right choice depends on lifestyle and maintenance preferences.

Common reasons include financing denials, appraisal gaps, inspection concerns, or title issues. Good communication and proactive problem-solving often resolve these before cancellation. Working with experienced professionals keeps deals steady through potential turbulence.

“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.