Selecting the right comparable properties is crucial for accurately determining a home’s value
Understanding Appraisal Comparable Guidelines: What Are Comparables? In residential appraisals, the primary method for assessing value involves analyzing comparable properties—often referred to as “comps.” These are recent sales or listings that closely resemble the subject property, usually found within the same neighborhood. The more alike these comps are, the more reliable the appraisal will be.