How to find comparables in your area?

[Greg Raymer]

How Would the Average Person Find Comparables in Their Area to Determine Potential Appraised Value?

To find comparables in your area, an average person can do the following:

• Research online: Websites such as Zillow, Redfin, and Realtor.com provide home values and information on recently sold properties in a specific area.
• Check public records: Property records are available online or at local government offices and can provide information on sales prices, property size, and other details about recently sold homes in the area.
• Ask a real estate agent: A real estate agent can provide information on recently sold properties and help interpret the data.
• Drive around the neighborhood: Observing properties in the area can give you a sense of the types of homes and their condition.
• Consider the local market conditions: Take into account factors such as the current real estate market trends, demand for housing, and the local economy when evaluating comparables.

Note: It’s important to choose comparable properties that are similar to the subject property in terms of size, location, age, and features, as these factors can greatly impact the value of a property.