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Updated over 8 years ago,
Can't Find Any Comps
Hello Everyone,
So I recently started mailing out letters to a smaller town nearby my hometown and primary place to invest (Houston), I've gotten a pretty nice response on calls asking for offers but I can't for the life of me find any comps. I typically use Redfin for a reference point but Redfin doesn't cover that area. My real estate agent friend ran some comps for me to only tell me the same thing, that there isn't anything recently sold in that area.
My question is, what can I do when I can't find any comps? I've got folks wanting me to make them some offers but I can't determine what type of offer to make. Your help is appreciated!
Thanks