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Updated almost 11 years ago on . Most recent reply

User Stats

4
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0
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Christina Thompson
  • Frederick, MD
0
Votes |
4
Posts

NO MLS Access

Christina Thompson
  • Frederick, MD
Posted

Hello,

I'm a newbie and I'm looking to wholesale! I have found some properties on craigslist and I need comparables. I really want to get accurate comparables but I don't have MLS access. Please help! What are other avenues that I can take?

User Stats

167
Posts
19
Votes
Abdul R.
  • Real Estate Investor
  • Piscataway, NJ
19
Votes |
167
Posts
Abdul R.
  • Real Estate Investor
  • Piscataway, NJ
Replied

@Christina Thompson Talk to local real estate agents, they are the experts of the area. The should know ARV of these houses. They could help you with comps etc. I think that's the best way. In return you give themshort sale, retail leads that come your way.

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303
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152
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Steve Wilcox
  • Investor
  • Cranford, NJ
152
Votes |
303
Posts
Steve Wilcox
  • Investor
  • Cranford, NJ
Replied

Presumably you will be working with an agent when you go to resell the property, this person should have a good idea of the arv and no problem pulling some comps.

If not you should start to interview a few in your area. Ask other investors for recomendations at reia's and there should be plenty of agents. Just try to get a Production Record from the last year or two if someone tells you they are a top performer

After doing this a few times you should have a good idea of values in the market you are investing in.

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