A comparable sale (also known as a “comp”) is a recently sold property in the area with similar features to the home you’re looking to buy. Appraisers use comparable sales to help estimate the fair market value of a home.
A comparable sale (also known as a “comp”) is a recently sold property in the area with similar features to the home you’re looking to buy. Appraisers use comparable sales to help estimate the fair market value of a home.
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