Revealed Best-Kept Secrets Only Pros Use Comparable Sales Real Estate
The Importance of Location and Timing
Location is a fundamental aspect of real estate, and it plays a significant role in comparable sales analysis. Properties in desirable neighborhoods tend to have higher values, and understanding local market trends can help you identify when to buy or sell. Timing is also crucial, as market conditions can fluctuate due to factors such as economic changes, interest rates, and seasonal trends. For instance, properties often sell for higher prices in the spring and summer months1.