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Whether you are buying or selling, it is important to attempt to understand the true value of the property that your a buying or selling. The current market is changing very rapidly and therefore not understanding the value of what you are buying or selling can affect the outcome of your investments.
Wikipedia describes "Comps" as:
Comparables (or comps) is a real estate appraisal (http://en.wikipedia.org/wiki/Real_estate_appraisal) term referring to properties with characteristics that are similar to a subject property whose value is being sought. This can be accomplished either by a real estate agent (http://en.wikipedia.org/wiki/Real_estate_agent) who attempts to establish the value of a potential client's home or property through market analysis (http://en.wikipedia.org/wiki/Market_analysis) or, by a licensed or certified appraiser or surveyor using more defined methods, when performing a real estate appraisal (http://en.wikipedia.org/wiki/Real_estate_appraisal).
In this online Meetup, we will go over understanding the fundamentals of what goes into conducting "comps" analysis. The event details will be sent out prior to the event. All you will need is a good internet connection to attend this event.