Comparables: The Best Way To Understand The Value Of Your Property

A comparable is the best way for a real estate owner to understand where the value of his or her real estate stands. The short hand way to understand a comparable is to understand it as a way to value real estate against other real estate in the area. A piece of property that is relatively in the same frame of value as another is a great way to get a ballpark idea of the value of a property.

It is always important to understand that a comparable should match up with your piece of property as closely as possible. Slight differences can make a big difference in one direction or another. Properties in the same neighborhood with nearly identical space and amenities are the best comparables out there.