Real Estate Comps in Orange County CA

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Real Estate Comps in Orange County CA
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• Given the thriving nature of the real estate
  market in recent times, real estate comps in
  Orange County CA is a term which often gets
  thrown around during dealings and transactions.
  To a layman, the term, Comps will quite
  rightfully seem confusing. Comps is actually a
  short term for comparable sales, which refers
  to homes situated in the same location and highly
  comparable in dimensions, condition and other
  characteristics to the property which the
  proposed seller or buyer is looking to sell or
  buy.
• Potential buyers look at comps when deciding what
  price bracket to start with as they pitch an
  offer on a property, and sellers use the term to
  work out what is the highest price or rather the
  standard price they can ask for when selling a
  property.

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Real Estate Comps
The importance of real estate comps in Orange
County CA Any qualified real estate agent in
Orange County CA will know the importance of
these comparable factors, as they determine the
amount of commission they can cut on a deal. They
keep a track of comps regularly as a technique of
maintaining a top spot in their local market.
Real estate comps in Orange County CA are a
subject of constant speculation and debate in
real estate agent circle. Whether it is a buyer
or a seller, it is highly advisable to have a
plan to analyze comps because all comps are not
created equal, and they are helpful in
determining the value of a property.
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Factors that are taken into consideration when
determining the value of a property

• Size of the house Lets say that a house that
  is around 3,000 square feet big is about to be
  sold, in this case both the selling party and
  buyers would want to check out other houses which
  are also 3,000 square feet in size.
• Total number of bedrooms or bathrooms While
  this may seem a rather trivial detail for the
  best realtor in Orange County CA to discuss,
  however, almost every realtor is on a regular
  basis, faced with the question of total number of
  bedrooms or bathrooms available in a house.
• Sale price Since housing prices alter from
  every month and season, the comps should
  preferably be houses that were sold within the
  past year in order for it to be considered
  accurate.
• Style, view, and other specifics Homes which
  are located at similar altitudes and locations
  possibly have similar views - the type of view
  (sea, forest, etc.) also matters a lot as a comp.
  Since views have a lot to do with a homes
  inherent prestige and class, real estate comps in
  Orange County CA consider this factor very
  important while appraising and marketing
  properties.

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Gerry Goodman Real Estate Services The Best in
the Business
Since its inception, Gerry Goodman Real Estate
Services has positively supported proprietors and
potential home buyers by delivering fair and
accurate real estate comps in Orange County CA.
Widely regarded and respected as the best in the
trade for over 25 years, Gerry Goodman is
presently operating in Orange County CA, in the
cities of Anaheim, Anaheim Hills, Yorba Linda,
Newport Beach, Dana Point, Laguna Beach,
Huntington Beach, Irvine, Tustin, and Aliso Viejo.
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GERRY GOODMAN REAL ESTATE SERVICES 3239 E
Meadowridge Rd Orange, CA 92867 MOBILE
714-588-3338 EMAIL gerry_at_gerrygoodman.COM
www.gerrygoodman.com