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What are “Comps”? And what is your agent doing when they say they are “running comps”?

What Are Comps “Comps” is short for Comparable Sales and they are determined through completing a Comprehensive Market Analysis (CMA). Your agent is comparing the “subject property” – the house you want – with comparable homes in order to estimate the probable selling price of a property, typically as a price range. When looking for… Continue reading What are “Comps”? And what is your agent doing when they say they are “running comps”?