Comparable sales — often called “comps” — are one of the most important tools used to determine your home’s value. Agents analyze recently sold homes in your area that are similar in size, age, condition, and features. These sales reflect what buyers are actually willing to pay, giving you a realistic benchmark for pricing your property. Comps also help you understand current market conditions. For example, if similar homes sold quickly and above asking, you might price more aggressively. If they sat on the market or sold below list price, a more conservative price may be necessary. Using comps ensures your home is competitively positioned to attract qualified buyers.
