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Updated 6 months ago on . Most recent reply
Rules for finding comps in 2024
Hey BP crew!
I just want to know the rules that are relevant to finding comps for a subject property in 2024. I heard experts from YouTube say +-200 sq ft is how you find a comp for a subject property. I have also been told in person by an individual that is a licensed Realtor that it is +- 600 sq ft.
Can someone give a thorough explanation on the rules to finding comps?
Most Popular Reply
Comps need to be as identical as possible. Within .5 miles, 6 months of recent sales. SQ FT needs to be as close as possible, within 100-200 SQ FT. Needs to be similar age, layout and condition. Certain areas you have to go out further or look in a similar suburb.
- Caleb Brown