Updated over 4 years ago on . Most recent reply
Having difficulty finding comps in a rural area
I am new to the investing world and am currently waiting on a yes or no from my first offer. I have found another house that has sparked my interest but I am having a very hard time finding comps to determine the ARV. I live in a rural area where there is a great deal of fluctuation in housing prices. Is there an easier way other than getting a real estate agent involved?
Most Popular Reply
If you know the area figure where people go regularly, shopping area for example. Draw radius circles from that center point in 5 or 10 mile intervals and time intervals. This will allow you to use other towns for similar houses. This may provide more comps. Also consider major employer changes, closing or hiring. Possibly distance from employer if it is the only one will be a factor. Realtor comps don't cost you anything so they may be helpful in addition.