Housing Comp’s vs. Lender Comp’s To Realtors, a Comp (“Comparable Sold Property”) is a nearby, recently sold home similar in size, style, and condition to the “subject home” (the home being valued). What’s a “Comp” to a lender? The borrower’s annual income for any given year. Excluding a Harmful Comp Just like the key to...Read More
Plans B Thru Z For Getting Into a Listing Earlier this week, I (momentarily) had a big scare when my electronic lockbox failed to update. Due to host a couple dozen agents for an Edina Realty Exceptional Properties lunch, I had visions of a crowd of Realtors milling around outside while I struggled with my...Read More
