Adding comps to Deals

Hey @Sherman Ledesma , @Jakeghill , and @Aubrey McDowall , I know you’ve all been crushing it in the community! 

Can you jump in and help @Shira Kohavi ? They're considering adding property comparisons to their listings but aren’t sure if it’s worth it. Have you noticed any impact on offers when using comparisons vs. not using them?
 

Your insights could really help them make the best move! Thanks in advance for sharing your expertise!✨

Hi Shira,

It is important that you add comps to your property listings for several reasons especially when marketing a property out for wholesale, investment or residential retail sales. Here's why:

      1. Determining Fair Market Value

These comps allow the potential buyer to see what nearby similar homes that have recently sold for, helping them understand the value of your property. This assures buyers that the price they are paying or purchasing a truck for wholesale is fair in today's market.

    2. Supporting Your Asking Price

By providing comps we can justify the asking price as this shows us what close to like kind properties are selling for. This makes sure that the potential buyers will know they're getting a good price, particularly if your property needs repairs or syncing up with comparable properties.

      3. Highlighting Potential Profit

Comps show an investor the ARV or after repair value, investors prefer it so they can.

4. Saves time for you and the buyer

Most buyers ask for comps the fact that you already did it for them makes it easier.

Note: make sure your comps are the best match with what you are selling.

Hope this helps. 😉

Wow! @Sherman Ledesma our superstar, thank you so much for collaborating!🌟