What Is Comparables Analysis?

What Is Comparables Analysis?

What is a comparable analysis report? Well, it’s essentially the closest thing you can get to an appraisal without actually paying about the $500 range to pay for an appraisal.

It’s what your realtor or your broker will provide for you so you can get an understanding of where your home’s value most likely will be when it’s time for you to sell your home, given you sell within the next month or so.

So, for example, they’re going to present you with home homes that are on the market, homes that have accepted an offer, homes that have sold, and possibly even some that have been unconditionally withdrawn or taken off the market to help you to compare your home to theirs and actually explain to you why they’ve evaluated your home at a certain price versus a different price.

So if you have any questions, please leave a comment below. Please share with anyone think it’d be helpful to and as always, close with Patrice.

This has been “What Is Comparables Analysis?” by Patrice Henderson of Designed Living Real Estate. Be sure to subscribe to her YouTube channels for all your real estate tips, home tours and advice.

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