How Are You Running Comps?

[Rebecca Francois]

Hello, I’m a beginner investor and I’m trying to run comps but I’m not sure how to go about finding comps in the vicinity of the subject property.

Are you guys using Zillow or google maps? Please help!

[David Acosta]

Hey, @Rebecca Francois -- The earlier you can engage with an agent the better, as they can help iron out some of the market-specific details and give you access to MLS reporting.

As mentioned above, I would dial in on one neighborhood/submarket, and then look to pull data that meets the exact specs you are looking to compare... bed/bath count and square footage.  Neighborhoods can change from block to block, so make sure when you are mapping out the area there is consistency.  Here in southern California, a house on one side of the street may sit on a canyon, while the house on the other side is surrounded by neighboring homes.  At the end of the day, you just want to make sure that the homes are indeed comparable.