How-to

Comps

A board of comparable properties and transactions, each with price, date and source. How to run it, why a point value becomes a range, and the two failures to check for every time.

Build a comps board

A board of comparable properties and transactions for a subject — each one carrying its deal, with price, date and source, rather than a bare list of addresses.

A competitive set on the map: the subject starred, the comparables pinned, the run's measured drive-time ring around it, and the register count beside the list

How to run it

Give an address or a deal. A subject can also be picked from work you have already done rather than retyped.

What comes back

A canvas board of comparables — about 57% of runs in the last thirty days. No deck and no workbook.

Median 34 minutes, 90th percentile 113. Median 3.4 credits. The long tail is real: a hard subject can take two hours.

Do

  • Open the deal behind any comparable the decision rests on. Each row carries its price, date and source precisely so you can do that.
  • Check two things on every board, because these are the failures we see most: a comparable that sits outside the intended area, and a "comparable" that turns out to be the subject itself.
  • Read a range as evidence, not hedging. Below three comparable sales a point value becomes a range by design.

Do not

  • Do not assume the set is strong. Comparable sets fail our own quality check more often than they pass it. This is the most important sentence on this page.
  • Do not ask for comparables with prices in a non-disclosure state. Texas deeds give the date and the instrument and never the price — the state's rule, not ours. Check the state first in Coverage and data.
  • Do not expect per-square-foot comparison everywhere. Several states publish no building area at all, which caps how far that comparison can go.

Build a comps board

Bring us a deal you already closed

We run it through Titleman and show your team the finished work next to their own.