Savings and Investments

Investing in Real Estate

What else can we learn from “comps”?

We may also see from the “comps” that we actually are getting a really great deal. Perhaps all of the recent comparable houses sold for $30,000 more than the offer price of your target house. Knowing what others have sold for may indicate that you are getting a very good deal. It could also indicate that the prices of real estate in this area have fallen precipitously, and perhaps the price may go even lower. Some people may reconsider buying or investing in the area, since prices of homes are not appreciating.


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