Wholesale Nation Podcast

- Comp means comparable. It is a real estate term that both buyer and seller should know well. It refers to homes located in the same area and very similar in size, condition and features as the home are you trying to buy and sell. - Buyers look at comps when deciding what price to offer on a home, and sellers use comps to figure out how to best price their home for the market. - It’s one of the three things that you need to know in order to lock up a deal- value of the property, the amount of repairs to get to that value, where your market is buying. - There are several resources for finding comps: MLS, Zillow, PropStream. The MLS connects buyers and sellers of Real Estate and is controlled by a real estate board Zillow is a database of more than 110 million U.S. Homes- including homes for sale, homes for rent and homes not currently on the market, as well as home values, and other home-related information.  PropStream is a more detailed database. It can generate instant COMPS from multiple MLS’ allowing acc