9 MUST KNOW Factors For Pulling Real Estate Comps You Can Trust

Sooner or later, you’re going to have to pull comparables on the properties you’re considering buying. It’s an important part of every successful Real Estate Investor’s day…

So let’s define a couple of terms before we dig into this…

First, the “subject property” is the one you’re considering buying.

Comparables are your absolute best tool to determine the value of the subject property. Real estate agents and investors like you and I will “run or pull comps”, to determine and justify the value of a subject property based on comparable properties that have sold recently within the area.

In other words, properties that are near by with similar square footage, similar number of bedrooms and bathrooms, possible upgrades and other considerations…

Now, there are lots of factors that help determine if a real estate comp is indeed comparable, and you need to know these factors and apply them each time you look at comps

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