In real estate, comparables — known as comps for short — are one of the most important tools used to determinehow much a home is worth. Whether you’re trying to price your home for sale, buy a new one or just gauge property values in your area, here’s a rundown of everything ...
In real estate, comps are similar homes in your area that have sold relatively recently- that is the most straightforward definition. The more the comparable properties share in common with the seller’s house, the better. Real estate agents refer to these as “sold comps.” Comparables are p...
one of the best ways to ensure that you have a constant source of business is by nurturing your leads. Talk to them, engage with them, and answer their questions. Be a constant source of all things real estate for them—on demand. ...
Take a Free Demo Wholesaling is like body-slamming your way into the real estate market. You find deeply discounted properties, lock them down with a contract, and then tag in your cash buyer to close the deal—without ever owning the property yourself! You’re the ultimate middleman, conn...
Real estate comps can be used to determine the value of a property, which can be helpful for a variety of purposes across the real estate spectrum, from buying and selling to investing and making housing market predictions. Let's look at everything to know aboutcomps in real estate sales....
But note that not all agents agree it’s worth the price. “I’d recommend skipping an appraisal andasking an agent to run comps for youinstead,” Breeckner says. “Considering the cost of an appraisal, it just makes more sense to talk to a few real estate agents first.” ...
while underestimatinga home’s valuemight leave money on the table. To price your home perfectly from the start, consult localreal estate comps. This information about recently sold properties in your area gives you an idea of what comparable homes around you are selling for, thus helping you ...
Investing 7 Best Investment Software for Real Estate Investors How to Get Access to the MLS Database Without a License Airbnb Arbitrage: The Complete Guide for 2023 The Top 10 PropStream Competitors & Alternatives Rental Comps: What Are They and Where Can I Find Them? Hosting How to Start ...
How much can you afford to spend on your first home purchase? Getting your down payment monies squared away. Planning to pay the closing costs. Getting pre-approved for a mortgage. Choosing the right home loan. Picking a real estate agent. ...
For those who are not real estate agents, getting access to MLS can be tricky but if you’re good at networking, you can find a realtor to help you out. A lot of real estate investors will make a deal with the realtor that in exchange for MLS access, they’ll let the realtor sell...