What are Comps in Real Estate?

Posted By Gracen Tilton @ Jan 27th 2025 12:20pm In: Charleston SC Real Estate

When you are looking to sell your home, it is essential to have a fair and accurate price. Overpricing leads to failure. Under pricing leads to money left on the table.

On the other hand, when you're buying a home, the last thing you want to do is overpay. This is where "comps" come into play. Real Estate comps are comparable properties that have recently sold in your general area.

The value of a home is determined by looking at several factors including the time of year, market trends, property location, and most importantly, the real estate comps.

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Gracen Tilton | Marshall Walker Real Estate | 582 Rutledge Avenue | operations@marshallwalker.com | 803-549-6318 


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