
Realtors™ are bad about abbreviating long words and assuming the general public knows what we mean. Count me guilty. We use the word "comp" a lot. What is a "comp" and what do we mean when we say this abbreviated word? "Comp's" are the average of comparative similar properties to the property in question that have recently sold in the area. A comp is most often used to held determine an accurate value of a property. In other words, we try to find homes similar to the subject property that have recently sold - usually within the past six months, but sometimes if the property is … Continue reading...