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Updated over 4 years ago on . Most recent reply

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Jason Polykoff
  • Real Estate Agent
  • Drexel Hill, PA
10
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60
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Does anyone know of a website that quickly shares comps?

Jason Polykoff
  • Real Estate Agent
  • Drexel Hill, PA
Posted

Does anyone know of a free website that can quickly share comps of a property? One that gives a general idea of the comps, with the understanding that I'll still have to do research myself. On the same token, does anyone know of a website that provides ARV?

Thanks BP community!

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Steve Morris
  • Real Estate Broker
  • Portland, OR
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Steve Morris
  • Real Estate Broker
  • Portland, OR
Replied

Redfin and Trulia and Zillow are worth what you pay for them.  They take the "average" sales price and force-fit it to every house.  So if your prop is in better shape or great view or layout, doesn't matter.

Unfortunately, any good comps come from pay-for services since it's not cheap to maintain good info.

Using MLS is OK, but you usually need to be a broker and there is a fee for the firm. However, most of the investment info is what the brokers put in. On a lot of resi brokers, you get GIGO (garbage in = garbage out).

Now, if you want something a bit more accurate, you can always subscribe to something like CoStar and they let anyone (I think) buy it - However, get ready to pay something pretty substantial per month.  I DON"T WORK FOR COSTAR SO PLEASE VERIFY WITH THEM.

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