can someone please tell me what comps are, where do in find them, and is there a shot to cure it. Thanks you neighboorhood newbie Steve ok yeah and whats REO?
REO's are real estate repos due to foreclosure - typically bank foreclosures. Comps is short for Comparative Marketing Analysis - comparing prices of properties sold in a given area. Hope that helps.[ Edited by makingaliving on Date 12/01/2003 ]
...you can get comps from Realtors; there are some online websites to get comps: www.Domania.com, www.Comps.com, www.Realtor.com, www.Homevalues.com, etc... Good Luck!!
REO's are real estate repos due to foreclosure - typically bank foreclosures.
Comps is short for Comparative Marketing Analysis - comparing prices of properties sold in a given area.
Hope that helps.[ Edited by makingaliving on Date 12/01/2003 ]
...you can get comps from Realtors; there are some online websites to get comps:
www.Domania.com, www.Comps.com, www.Realtor.com, www.Homevalues.com, etc... Good Luck!!