Comps

Definition

Short for comparables, these are recently sold nearby homes that agents use to justify whatever price they want. Finding the right comps is an art form -- you just cherry-pick the ones that support your narrative.

Example Usage

"My agent pulled comps from a gated community two miles away to justify our asking price. Our house is next to a gas station. Bold strategy." - A hopeful seller

Related Terms

Intermediate

Quick Close

Closing on a house faster than normal, usually because someone is desperate, flush with cash, or both. It's the speed dating of real estate -- exciting, reckless, and you skip all the important conversations.

🏠 Real Estate

Advanced

planned unit development

A type of zoning allowing flexible development within a defined area, mixing housing types, densities, and uses while preserving open space. PUDs let developers cluster buildings creatively instead of following rigid lot-by-lot rules.

🏠 Real Estate

Advanced

pocket listing clause

A contractual provision allowing agents to market properties privately before hitting the MLS, theoretically to preserve privacy but occasionally to preserve the agent's double commission. The VIP room of real estate.

🏠 Real Estate

Intermediate

wholesaling

A real estate strategy where investors contract a property at below-market price and immediately sell the contract to another buyer for a profit, without ever actually owning the property. It's like being a middleman who gets paid for connecting dots on a map.

🏠 Real Estate

Beginner

HOA fees

Monthly payments to a committee of bored neighbors who fine you for parking your own car in your own driveway. It's the subscription service nobody wanted, covering 'amenities' like a pool you never use and landscaping you could do yourself.

🏠 Real Estate

Beginner

seller's market

A real estate hellscape where buyers compete gladiaps-style for overpriced homes, waiving inspections and offering their firstborn as closing gifts. It's when sellers can list a 900-square-foot teardown for $800K and receive 15 all-cash offers.

🏠 Real Estate

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