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The OTHER Kind of “Comp” in Residential Real Estate (spelled “COMP”)

“Under the Radar” Deals Nine times out of ten, when Realtors refer to a “Comp,” they mean a “Comparable Sold Property” — what agents and appraisers alike rely on to establish fair market value for a given property. So, what’s a “COMP?” An acronym for “Came on Market Pending Sale.” The usual scenario is a private...
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