How can lenders obtain rent/sales comparables for properties before submitting soft quotes?
Can they just obtain that info from a third party or do they just compare it with their own past deals?
[{"id": "hso5dbz", "text": "I use Comp data websites (costar, Axio, StreatEasy, Compstak, RCA etc.) as well as data from appraisals, and comps from previous deals we\u2019ve in the area", "replies": [{"id": "hso62fe", "text": "Which one is better?", "replies": [{"id": "hso89zt", "text": "They all are better at different things. If we have an appraisal I usually use the comps from that and can supplement certain data from my other resources. For MF rent comps i like Axio and CoStar, for commercial leases i like compstak, for sales comps i Use RCA, and for Condo sales which are hard to find I\u2019ll use a mix of Nancy Packes and Streeteasy", "replies": [{"id": "hspe4ps", "text": "Have you ever heard of another platform that integrates data from those sources, I think it would be  product killer... like reallly relly useful.", "replies": [{"id": "hsph64y", "text": "No because all of those sources are expensive for memberships and the way they aggregate data is highly coveted, but it would my make my life a lot easier if they had it all in one place ha!", "replies": [{"id": "hspl706", "text": "I wouldnt be surprised if costar buys some of those", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hso5r97", "text": "CoStar/Reis", "replies": [], "depth": 1}, {"id": "hsobuw0", "text": "Appraisals", "replies": [], "depth": 1}, {"id": "hsohyi1", "text": "Internal database, costar, and a lot of my appraisal clients just email me for comps when they\u2019re pricing a potential deal.", "replies": [], "depth": 1}, {"id": "hsow0bp", "text": "We get emails from lenders asking for comps with a few basic details of the subject property. They also generally have costar or real capital analytics or something.", "replies": [], "depth": 1}]