If you’re learning how to value a property, here are the main things you need to look at when comping correctly.This is where a lot of people mess up and end up overpaying. First — distance. You want comparable sales ideally within half a mile or less. Closer is always better. Neighborhoods can change quickly. Crossing a main road or subdivision can completely change value. Next — square footage. Ideally, comps should be within 250 square feet of your property. So if your house is 1,000 square feet, your comps should be between 750 and 1,250. If you can find something exactly the same size, great. But that’s not always realistic. Next — bedroom and bathroom count. This is huge. A 3 bed / 2 bath does not comp to a 2 bed / 1 bath. Buyers care deeply about layout, not just square footage. Next — year built. You want comps within 10 years of your property’s year built whenever possible. A 1950s home and a 2005 home are not valued the same, even if they look similar on paper. Next — lot size / acreage. A quarter acre and five acres are not comparable. Large differences in land will skew value fast. Finally — condition.This is where most people fool themselves. You need to look at finishes: - Quartz countertops vs laminate - Stainless appliances vs old white appliances - Tile showers vs fiberglass tubs - Updated flooring vs worn carpet Condition is often the largest value driver. Bad comps lead to bad ARVs. Bad ARVs kill good deals. If you want me to walk through exactly how I comp properties before I buy, comment “video” and I’ll break it down step-by-step.