How to get comps quickly

[Taft Love]

Hi all, I’m in a new market and really struggling to move quickly enough to lock up solid deals. One of my bottlenecks is that I’m working with a local realtor who is super slow at responding and pulling comps. Have you ever had luck paying someone with local MLS access to pull comps quickly? Are there strategies I may not have considered? Thanks! Taft

[Kuba F.]

Hey @Taft Love -- you don't need to pay anyone for comps, especially when you have good Spokane coverage on Redfin. It's tied directly to the MLS and is updated every 15 minutes.

As a realtor I actually use Redfin to pull my comps and then I import those into my software to further analyze, by adjusting those comps for differences in amenities. This is something that appraisers do to get to the most accurate ARV, and if you've ever noticed sold houses that have huge shifts in price from street to street that's a flag that comps should be adjusted.

You can read an in-depth article on how/where to run comps and adjust them here on my biggerpockets blog: https://www.biggerpockets.com/blogs/8814/68395-how-to-find-real-estate-comps-and-calculate-after-repair-value