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Updated over 14 years ago on . Most recent reply
MLS Comps
Good morning. I have a question regarding MLS comps: Can I determine my subject property's current value based on one(1) comp? The reason I ask is that out of all the comps my agent sent me for a property I'm interested in, only one comp is a solid one in terms of distance, date sold, residential design, type, bed/bath, etc. I hope my inquiry is clear. Your help is greatly appreciated in advance!
Most Popular Reply
Also keep in mind on alot of lower priced properties these sales prices include closing cost and such.. I know several of the rehabbers in this area say they almost always expect to pay alot of the buyers closing cost on lower priced areas.. So a comp of $125,000 might of actually sold for somewhere around $118000 but had $7000 in closing cost paid by the seller, this way buyers can roll those cost into there loans