PRORFETY: How To Look Up Real Estate Comparables

Comparable Sales Real Estate. The key to a successful home sale is pricing your home at what it is worth based on other similar homes in the area that have recently sold - this is exactly the data you get.

Short For Housing Comparables Comps Are A Way To Help You Figure Out What A Home Is Worth Based On The Recent Sales Prices Selling House Sale House Teaching

To determine the value of a house an appraiser or an agent will typically look at three comparable sales or comps as they are known in the industry.

How to look up real estate comparables. Agents and Appraisers have access to the Multiple Listing Service known as the MLS which is a database of all the properties in a given area that have been listed for sale are in process of being sold pending or have already sold. First youll need to identify three sold and three active comparables. Views and waterfront access.

There are three variables investors must keep in mind when pulling comparable home sales. This is significant for most buyers. For example for a single-family home in Nassau County which is mostly a suburban area a good comparable search in GeoData Direct would consist of the following.

Then use the following list to make note of what similar homes have that yours doesnt and what your home has that others lack. Find just sold properties from the most comprehensive source of real estate data online. Lot size and condition.

Select from dozens of filters to narrow your search by date range building class square footage arms length transactions and many more. These comps can be a great tool for a beginning or seasoned investor to determine property value. What To Look For.

When determining real estate comps there are certain guidelines that are expected to be met. We as real estate agents have a bit more flexibility. A quality comparable is most similar to the home in question in terms of.

Comparable sales are a useful tool for anyone on the real estate transaction spectrum including sellers buyers investors and agents. Wade through the comparable homes and find one that is most like yours. Search real estate for sale for rent listings.

Typically a deed search will start with your county clerk recorder auditor or state registry of deeds. Analyzing comps entails some detective work since chances are your house isnt exactly like every other on the block. The Appraisal Foundation 1155 15th Street NW Suite 1111 Washington DC 20005 T 2023477722 SEPTEMBER 26 2013 APB VALUATION ADVISORY 4.

Real estate agents add to the problem as they often tell sellers their home is worth more than it really is just to get the listing - this is called buying a listing. One mile radius or less from the subject property Sold within the past six months Same school district as the subject. Identify similar sales in your target area and find local market insights by applying location filters like radius street neighborhood zip code and more.

We typically start our search for comps close to the subject property and work our way out until we have at least three comps that have sold in the past six months or so. Number of bedrooms and baths. Then there are additional location location location aspects to.

These offices might allow you to search online but for the most complete history you should visit the office in person and request any physical records available. Age and style of home. You can find sales data online at real estate aggregator websites like Redfin NASDAQ.

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