Multinational Realtor Lorena Ruiz

“Comps,” or comparable sales, refers to the homes in the area that are very similar in size, condition, and features to the home you are trying to buy or sell. Buyers can look at comps in the area when deciding what price to offer on a home, and sellers can use comps to figure out how to best price their home for the market.

THIS IS IMPORTANT TO BE AWARE OF:

Taking the leap into home ownership is a big decision — and one that requires careful consideration of the pros and cons. While not hidden, there are many costs new buyers may not fully understand before owning a home. These costs can include property taxes, HOA fees, insurance, repairs to major systems like your HVAC, and even just property upkeep. Ask your realtor about costs you might expect to get a better idea of what works for your budget.