What Are Comps in Real Estate and How Do They Work
How much is a house worth? It is a difficult question to answer when you are either buying or selling a house. Many things contribute to the value of a property. The location is very important, as are the local market conditions, and even the time of year plays a role.
The way a house value is normally found is by using comps. Comps allow the price of a home to be set correctly.