Episode 100: If You’re Running Comps Like 2021, You’re Losing Money Right Now

Send us Fan MailRunning comps is no longer about finding the highest ARV; it is about underwriting the buyer behavior in that given area. The flippers who survive when things like this happen, and inventory rises, and economies level out, will win if they are being proactive about these things.Listen as Tiffany High breaks down why running comps the old way no longer works and what you need to change right now to protect your profits. She explains how buyer behavior has shifted, why days on market matter more than ever, and how to underwrite deals based on what buyers are actually choosing today.This episode is a practical breakdown of how to comp deals smarter in a slower, more disciplined market.You'll Learn How To:Run comps based on buyer behaviorAdjust your hold times using real market trendsIdentify red flags in active, pending, and sold inventoryUnderwrite deals more conservatively in today’s marketWhat You'll Learn in This Episode:(01:01) Why comping like 2021 is costing flippers money(02:15) The biggest mistakes flippers still make when running comps(02:59) Tracking days on market trends by zip code or county(03:56) Comparing active, pending, and sold inventory correctly(04:51) Paying attention to the last three to six months on the list price and sale price(06:15) Comparing your deal to new builds in the same school district(07:32) Location details that matter more in a slower market(08:28) Extra due diligence needed for condos and HOA approvals(09:46) Running comps is no longer about finding the highest ARVWho This Episode is For:House flippers who are seeing properties sit longer than expectedInvestors who are underwriting deals in today’s changing marketWholesalers who want to price deals more accuratelyWhy You Should Listen:If your deals worked great a few years ago but feel tighter now, this episode will explain why. Tiffany High lays out how to adjust your comping process to match today’s buyer behavior.Follow Tiffany and Josh here:Tiffany Instagram: @tiffanyhighofficialJosh Instagram: @joshhighofficialWebsite: https://resultsdrivenrei.com/home/Get Tiffany’s free resource: www.rdebook.com “26 Costly Mistakes I Made While Building My Seven-Figure Real Estate Business”