How to get comps quickly

Question

Kuba F. · Answer

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

Nghi Le · Answer

I use Redfin for comps because they're the most accurate to the MLS in my area.  Type in the zip code of the area you want to search, zoom in and out as needed (and maybe remove the boundary lines), put in the filters to make your search comparable to the subject property, and then make sure you're only looking at sold comps.

I use Zillow to see non-MLS attributes, different pictures, and to get a direct link to the property county details.

You might want to consider using another realtor.

Matt K. · Answer

it's generic and can be wildly inaccurate (+/-).

Bob Okenwa · Answer

Hi @Taft Love

There's really no need to pay anyone for pulling comps. Sold info is public record and a search on Zillow, Trulia, Redfin, or Realtor.com will show that information and you can adjust the filters to meet your criteria. Not to mention, doing it yourself will give you better insight to the market and will sharpen your eye when it comes to analyzing deals.

Kristin Whitaker · Answer

Hi Taft, I don't use Redfin but was going off the info from one of the posters above, sorry about that!  I use Zillow mostly for speed and ease and then back it up with a quick search on Realtor.com and county records.

Matt K. · Answer

Zillow/truila are same parent company if I remember right.

Taft Love · Answer

Awesome info Kristin! I just did a Redfin search and it says Spokane isn't covered yet. Of the others (Zillow, Realtor.com) do you have a favorite?

Joey Signa · Answer

What is wrong with a Zestimate?

Taft Love · Answer

Awesome info, everyone. Thanks for the advice! I'll definitely start pulling comps on my own to get a feel for what's out there.Thanks!

How to get comps quickly

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