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Updated almost 2 years ago on . Most recent reply

Comping comparable housing
I was told by a realtor that when comping a house they don’t have to look the same
“Yes. Similar square footage but comps are also about average price per square foot. Not about looks. Size, lot size, condition etc.”
I wanted to know if this is true? I was looking at sq but mostly trying to compare apples to apples. Please someone enlighten me thanks in advance!!
Most Popular Reply

Average price per sqft will get you in a lot of trouble. Never use that to comp property, this is why half the realtors on the MLS can not sell their property. Use condition, sqft, bed/bath, year build.