How to Find Comps (Real Estate Comparable Properties)

3,196 views · Published 22 October 2018 · 10:00 · Indexed 6 November 2026

Channel: Matt Leighton · 2018 · News & Politics

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How to Find Comps (Real Estate Comparable Properties)

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5 factors to look for when finding real estate comps: 

0:49 - 1. Location. Stay in your neighborhood, subdivision or building. Start with a small radius and work out from there. 

2:10 - 2. Size. Be sure you are comparing like-to-like properties. Levels, bedrooms, bathrooms and square footage are most important. 

3:33 - 3. Recency. Find properties that have sold within the past 6 months. It's OK to go back further than that if you haven't found comparable properties. 

6:03 - 4. Upgrades. Renovated bathrooms, renovated kitchens, fully-finished basements, garages and other factors will factor in, once you've narrowed down the most relevant properties. 

7:20 - 5. Wildcard. Maybe a property has a lot more land or a great view or has a pool. Look back a few years (if necessary) to find a similar 'wildcard'. If you're searching for comps and you find a unique property, it's probably best to throw it out if it's similar but has a few significantly different features. 



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