Alternatives for running comps?

[Armani Emon]

What if a property doesn't have any exact comparables, but has very similar comparables.

How should I structure my comps? Could I go by square foot ?

For example, If my prospect property is 3/1/1100  for 180k and my prospect comparable is 4/2/1100 for 170k.

Could I use the comparables for the 4/2/1100.

[Bob Okenwa]

@Armani Emon

There are many instances in which you won't be able to find an exact comp to your property. Unless you're looking in a more recently developed subdivision, the homes in a given area will differ slightly or greatly.

When doing comps, you'll need to take into account major factors such as location, bedroom/bathroom count, square footage, lot size, and interior finishes to name a few.

If a 4/2 is going for 170k, odds are the 3/1 at 180k is overpriced unless it is vastly superior from an aesthetic or acreage standpoint.