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Inman Handbook On Comps In These Chaotic Times


Inman Connect
This is the first part in a week-long series exploring comps amid a pandemic and a tumultuous housing market. Check back for more comp coverage, including tomorrow’s look at the efficacy of Zillow’s Zestimates.
When Lily Jang decided to list her own home earlier this spring, she did her due diligence. Jang is a Keller Williams agent in the Houston area, and began the process as agents are wont to do by looking at comparable recent sales that had closed nearby.
Lily Jang
“The comps supported $475,000,” Jang told Inman.
Of course Jang knew prices were appreciating quickly so she decided to list her house for $499,000. And then, as has happened to so many agents and sellers this spring, the offers started pouring in. In the end, she sold the house for $515,000. ....

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