Methods of Looking up Comps

[India Estes]

Hi, I see a lot of available properties in baltimore city with high comps (ex. $100K+) listed on here and from other investors, but when I go check the comps, I get comps like $25K and around that, but not as high as the wholesaler's comps. Am I doing something wrong? I know baltimore is doing a lot of redevelopment but I'm just not getting no where near the same numbers when it comes to these (baltimore city) properties.

Someone please help & tell me what I'm doing wrong or am I right, the people are just over chargeing, but thats a lot of properties to overprice, I think I'm just not understanding something.

I've been doing good looking up comps but I dont know whats going on with these numbers. :help:

Thank you for your help, this forum is filled with lots of knowledge. :goofy:

[Joshua Dorkin]

Originally posted by "JasonNunez23":

go to zillow.com they have good comps but dont depend on the zestimates they give u on properties. The only thing they have on point is the sold properties pricing.

Zillow is wildly unreliable and useful only as a very basic starting point. If you want comps, know your market. Get out and see every house on the market. If you're going to be serious about becoming a real estate investor and want to target an area, you have to know that area. There is no real substitute. Using a realtor or title rep for comps is an okay way to go, but there is nothing better then seeing aproperty in your market and knowing instantly if it is fairly priced.