Last Updated: February 27, 2025
Determining accurate property values is a cornerstone of successful real estate investing, particularly when dealing with residential properties ranging from single-family homes to four-unit properties. This valuation process hinges significantly on the effective use of comparable sales, commonly known as "comps" or "comping." Accurate comping ensures investors make informed decisions, avoid overpaying, and maximize profitability in both short-term flips and long-term buy-and-hold investments.