Good Comps

[Louise Whidby]

What does an Investor mean when he says "Good Comps?"

[Whitney Weert]

Usually they are referring to good comparables to the target property. Its a way to get an understanding of what the price of the property should be. If its a 3 bedroom in a certain neighborhood, you should be comparing it to other 3 bedrooms in the same neighborhood with similar sq. ft. and features. Hope that helps.