Asked by: Silviya Lorez
Asked in category: real estate, real estate buying and selling
Last Updated: 18th May 2024

How is the home-comparables system determined?

Acompsa stands for comparable sales in real estate. Comps are usually determined by comparing the property to similar properties within a 1-mile radius that have sold in the past year and have similar attributes (such a number of bedrooms, age or subdivision).



Many people also wonder: How do I find neighbors with comps?

You can start your search on Zillow for comps by entering your state and city into the search bar. Filter for "Recently Sold" to see only the yellow dots. Zoom in on your local area, your neighborhood, and your house as a reference point.

What is Property Comps? AComps is an acronym that refers to comparable sales. It's something everyone involved in a real estate transaction needs to be familiar with. It is a term that refers to houses located in the same location and with very similar features, size, and condition to the house you want to buy or sell.

This being said, how can appraisers select comps?

An appraiser gathers information on similar properties to aid in valuing the home. Comps that sold the most recently, are closest in location and have similar physical characteristics to the subject property, are chosen for further analysis.

How can I find comps to sell my home?

How do you assemble the best comps

  1. Search for recently sold listings. Search real estate listing sites such as Redfin and Zillow to find the most similar listings.
  2. These standards should be followed. These are the best comps sold listings:
  3. Check out your comps.
  4. Calculate the value of your home.