The Moment Money Matters - City Vs Suburb Comps
This is a very important topic to discuss. When evaluating the end value of a property, comping in a suburb vs a city location is far different. The biggest difference is distance from the subject property. In the city, even 1/10th of a mile can be too far to find other properties that compare to the value of yours. Many times you want to be on the same block. In the suburbs, up to 2/10th of a mile can be what you need to search but always be aware of shifting school zones or neighborhoods. There are a bunch of other differences to look at , but these basics will give a good starting point.
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