Choosing the best comparables is often a difficult task for real estate agents and investors. When people are making offers on properties they need to know what other similar properties they can buy in the area. A lot of factors go into choosing which property will be most like your target property.

• What are some metrics besides price, square footage, neighborhood, and other criteria?
• How do different professionals come up with their own opinions about what makes a good comparable?
• What were the prices of nearby properties?

This article will explore these questions and more so that you can make better decisions when it comes time for buying or selling a home!

First, I want to explain what are the best practice to run comparables in real estate. The first thing you should do when looking at comparable sales is look for listings that have sold recently. These will be good because they can tell you how much other homes like your target home were selling for.

If it has been less than six months since the sale, there is a good chance that it has not yet been updated. You can also look at listings currently for sale in your target neighborhood. It’s important to understand what market conditions are affecting values so you don't under or overprice your listing!

Another key factor to consider when choosing comps is how many of the same features it has as your target property. For example, if you buy a condo with a view of the ocean and there are no other condos available for sale at that time in similar condition to compare it against, this would be a challenge.

In another case where one home is right on the beach and yours is not, the comps may be easier to find. If there are comps available which have more or less living space than your listing, this may affect how you price your home.

If you are looking at home sales data for your area and there is an oceanfront condo that recently sold but it doesn't have the same amenities as yours, you may need to take your best estimate of its value.

The price of a home is also important when looking for comparable sales. If you want to make sure it is priced right, I would suggest asking another real estate agent or appraiser who can give their opinion on market value and what they think your home will sell for.

Real estate agents have a great deal of knowledge about the local housing market and know what is happening in that area at any given time.

Appraisers or people trained to determine value will often provide their opinions on property values by comparing against recent comparable sales data.

When you're looking to buy a property, it can be difficult to know which comparables are the best ones. A lot of factors go into that decision and choosing which offer will give you your best shot at success is an important one.

Let's face it - there's no way for us to tell you what properties in your area would make good targets if we don't have all of the information about the market conditions and other variables related to buying real estate. That’s why we recommend taking advantage of our business consultation service when making investment decisions. Contact Perfect Skip today so we can get started on determining what fair value should be for whichever property interests you most!