What’s the right price for my home? The only way to know what your house is basically worth is by knowing what all the other comparable houses, or “comps” in your neighborhood for sale are worth. Contrary to what our parents taught us growing up, this is one of those cases where our true value doesn’t come from within, it’s actually based on those around us. Your real estate agent is the expert in the pricing game.
When analyzing comps, here are a few major factors: