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Real estate comps provide you with a set of properties that share similar characteristics to your own, making them ideal for price comparison. Typically, comps also come from the same area and the ...
PropertyShark was founded by real estate investor and software developer Matthew Haines following his work on renovating a five-family brownstone in Harlem. [7] The initial website launched on New Year's Day in 2003 and was first named MatthewHaines.com and later changed to NYCpropertyresearch.com. [4] [8] Haines reportedly created PropertyShark to make real estate data more accessible and ...
Comparables (or comps) is a real estate appraisal term referring to properties with characteristics that are similar to a subject property whose value is being sought. This can be accomplished either by a real estate agent who attempts to establish the value of a potential client's home or property through market analysis or, by a licensed or certified appraiser or surveyor using more defined ...
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Assuming you are using a real estate agent and not pursuing a “for sale by owner” transaction, your agent will earn a commission on the sale. This will typically come to somewhere between 2.5 ...
The real estate professional will consider comparable homes, the home’s age, the size of the property, zoning requirement and the property’s condition to determine the BPO.
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