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Updated over 12 years ago on . Most recent reply

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Jasmine Claye
  • Real Estate Investor
  • Charlotte, NC
5
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133
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Getting Comps

Jasmine Claye
  • Real Estate Investor
  • Charlotte, NC
Posted

How do you get comps if there are no recent sales in the proximity one should look? Zillow provided sales from 2010-2011, which I know not to use as comps, but is there another site or method to use to obtain RECENT ACTUAL comps?

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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

AFAIK, zillow is populated from public records data. Generally the comps are valid. You need to get an agent to look on the MLS for you and see if there is something more.

If you're buying to rent, ARV doesn't much matter. Pay what works for you.

If you're buying to fix and flip, and can't find comps, move on to another deal. The appraiser won't be able to find comps either and you'll have a hard time selling.

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