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Welcome to the first episode of No Comp No Cap, the podcast where we talk about the real side of real estate without the industry filters. I’m Terrance Hill, a real estate consultant, investor, and advisor working with buyers, sellers, and investors across the Memphis market and beyond. After years in the trenches of this industry, I’ve seen firsthand how much misinformation exists about how real estate actually works. In this episode we break down three major realities happening in today’s market. First, a shocking statistic about the real estate industry. Nearly seventy percent of licensed agents didn’t close a single deal last year. That raises an important question about experience, representation, and what buyers and sellers should really be looking for when choosing who to work with. Second, we talk about the increasing number of real estate contracts that are falling apart before closing. From inspections to financing issues to unrealistic expectations, many transactions today are collapsing during the due diligence period. Third, we discuss what’s actually happening in the Memphis real estate market and why pricing, strategy, and preparation matter more than ever. This podcast is for buyers, sellers, investors, and even agents who want the truth about the business side of real estate. No fluff. No corporate talking points. Just real experience from someone actively in the field.