We are currently thinking about buying a house to flip. How would I go about getting comps for comparing home sales before we make an offer? Thanks for any help here.
I would rather just learn to do this without a real estate agent or an appraiser at this time. I love doing the research, just don’t know where to start.
Thank you everyone for taking the time to answer me. I have tried Zillow, but they have nothing on my area of interest. We’re too small I think.
By: Okobojibel
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I would rather just learn to do this without a real estate agent or an appraiser at this time. I love doing the research, just don’t know where to start.
Thank you everyone for taking the time to answer me. I have tried Zillow, but they have nothing on my area of interest. We’re too small I think.
By: Okobojibel
About the Author:
October 22nd, 2008 at 10:09 pm
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why don’t you try working with a local realtor? they can do a market analysis, as well as represent & advise you on offering/counteroffering, etc.???
as a buyer, it doesn’t cost anything to have an agent represent you! find an agent, and sign the buyer’s representation form allowing them to work with you as clients.
October 25th, 2008 at 9:38 pm
buying home
Give Zillow’s a try if you know address of the location that your looking to purchase. Secondly, you can see about the public library having the commercial record. The commercial record will list all the properties that have been purchased from the previous week. You might be able to acquire the information that you looking for.
October 28th, 2008 at 7:13 am
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A start would be zillow.com, you can see what the surrounding homes have sold for.
Confirm all your findings with a Realtor. It is very easy to make a $20,000+ error.
Don’t trip over a dollar trying to save a dime.
October 31st, 2008 at 4:06 am
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go to zillow.com but add 10-15 percent to the values there.
October 31st, 2008 at 4:32 am
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zillow.com but in Denver it is 10% higher not lower or higher an appriaser
October 31st, 2008 at 8:07 pm
Kansieo.com
Most residential appraisers get their comps from either:
1) Doing a search of public records…which you can typically do at the county assessor’s office or
2) Doing a search on the local Metrolist Service (MLS). While this is the option that most residential appraisers use, MLS is typically limited to real estate professionals. So, you’d probably have to be working with an agent or a broker to get comps via MLS.
Also, some newspapers post recently sold homes in the classifieds section of the newspaper. While most appraisers don’t use this approach (since searching on MLS is easier), this is certainly a viable option for you.
Since you don’t want to work with an agent, broker or appraiser at this time, your best bet would be to search the public records at your county’s assessor’s office or check the local newspaper.
Good luck!