# Comparable sales

> Recent sales of homes like the one you want: similar size, age and condition, close by. Often called comps. They're the evidence for what a home is worth.

By David Knorr, founder of BuyWise Home. Last reviewed October 28, 2026. Web page: https://www.buywisehome.com/guide/glossary/comparable-sales

## Why it matters to you

Comps are how you price your offer, and how the [appraiser](https://www.buywisehome.com/guide/glossary/appraisal) values the home. A listing price above the comps is a starting point for negotiation, not a fact. See the comparable sales on [a real home](https://www.buywisehome.com/sample#comparable-sales).

## Related

- [Step 5: Make an offer](https://www.buywisehome.com/guide/make-an-offer)
- [Appraisal](https://www.buywisehome.com/guide/glossary/appraisal): The lender's independent estimate of what the home is worth.
- [Days on market](https://www.buywisehome.com/guide/glossary/days-on-market): How long a home has been listed. Longer often means more room to negotiate.
- [Appraisal gap](https://www.buywisehome.com/guide/glossary/appraisal-gap): When the appraisal comes in below your offer. You cover the difference or renegotiate.

_General information based on the standard Georgia REALTORS® purchase contract and public guidance. Your own contract decides: read it, and ask your agent or closing attorney about anything that matters. Not legal or financial advice._