Feb 1 2012
Tip #11: If you are interested in reselling property find out if there are any comps available
If you are purchasing property expecting to resell it elsewhere for a profit, your research should include comps (comparables) of sold properties. Don’t get misled by advertised prices whether it be other websites or realtors. Sometimes they are a good indication, but other times I find they are way higher priced than the actual sold comps.