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"Comps," or comparable sales, is a term anyone on either side of a real estate transaction should know well. It refers to homes located in the same area and very similar in size, condition and features as the home you are trying to buy or sell. Buyers look at comps when deciding what price to offer on a home, and sellers use comps to figure out how to best price their home for the market.
You've been pre-approved and know what you can afford, so it’s time to start home shopping. But the hunt for your dream home will stall rapidly if you don't know what that "dream" looks like. It's easy to talk in generalities about wanting a "big" house or an "older" home. But in order to better target your real estate search, you must think specifically about your dream dwelling.
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