Comparable Sales

When you're trying to find out the value of a house, it's important for an appraiser or real estate agent to be able to compare properties nearby that have sold recently. Comparing these "comps" will give them an idea of what your home is worth and how much they may need in order for you to sell quickly. When someone goes on market with their property, comparable houses nearby are looked at so as to get some insight into its true value - both appraisers and agents can use this information when deciding whether or not the asking price should stay the same or go up. When someone goes on market with their property, comparable houses near by are looked at so as get some insight into its true value - both appraisers and agents can use this information when deciding whether or not the asking price should stay the same or go up.