Revolutionize Wealth with Secret Comparable Sales Real Estate

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Understanding Comparable Sales in Real Estate

Comparable sales, often referred to as "comps," are the cornerstone of real estate valuation. They provide a benchmark for determining the fair market value of a property by comparing it to similar properties that have recently sold in the same area. This method is crucial for both buyers and sellers, as it ensures that transactions are conducted at a fair price based on current market conditions.