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Replies (7)
- Jeff Konstant, "jkonstant"
- Contributions:1970
Comps is short for comparable homes. Ideally very similar but if lacking similar homes adjustments are made upward or downward to accomodate the differing features like pools, decks, etc. The term is most commonly used to determine a probable market price range based on recently sold homes that are similar or can be easily adjusted to determine the vaue of the subject home. There are other aspects in the analysis of the information available as well.
- Marlene Berrier, "marlenesellshomes"
- Contributions:23
Comps is really short for Comparables - either comparable sales or comparable active listings. In a Comparable Sold this is the amount that the most recent solds in the neighborhood of the subject property usually the criteria is same neighborhood, year built, style and square footage is how a comparable is compared. This is what is used to determine the value of the home for an appraisal or for an offer that you may make. Comparables are the best information to assist you in your offer when buying a home.
- Chris & Maria Skrip, "REMAXBEAUFORTSC"
- Contributions:595
Comps are comparable properties to the subject home (could be the home you are looking to sell or purchase). If you are interested in comps for Hilton Head, Bluffton or Beaufort SC, I would be more than happy to assist.
Chris Skrip, Broker-in-Charge/Owner
[content removed by moderator for being self promotional]
Chris Skrip, Broker-in-Charge/Owner
[content removed by moderator for being self promotional]
- dacolan
- Contributions:1073
Chris,
For someone with over 750 posts you really should become more familiar with the good neighbor policy. BTW, polls show most buyers prefer salmon to spam. Just sayin.
For someone with over 750 posts you really should become more familiar with the good neighbor policy. BTW, polls show most buyers prefer salmon to spam. Just sayin.
- dacolan
- Contributions:1073
Here are a few good resources for finding comps:
realestate.yahoo.com/Homevalues
www.realestateabc.com
www.eppraisal.com
www.cyberhomes.com
homeinsight.com
www.homegain.com
www.domania.com
realestate.yahoo.com/Homevalues
www.realestateabc.com
www.eppraisal.com
www.cyberhomes.com
homeinsight.com
www.homegain.com
www.domania.com
- sunnyview
- Contributions:25139
Zillow has a video about comps here and they also have good article here on how to pick the best comps for your house here. Hope the links help.
Aside: I second the spam comment. Posting your contact info in posts is generally discouraged. I think that your profile page is a better way to get contacts anyway since it says a lot more about you than an address block ever could.
Aside: I second the spam comment. Posting your contact info in posts is generally discouraged. I think that your profile page is a better way to get contacts anyway since it says a lot more about you than an address block ever could.
- Pat Bourgo, "Pat Bourgo"
- Contributions:1051
The same type of home in the same neighborhood is the best comparable.
comps?? what are comps
what are comps
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