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Updated about 10 years ago on . Most recent reply

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25
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Sharon Leigh
  • Collingswood, NJ
5
Votes |
25
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Finding comps

Sharon Leigh
  • Collingswood, NJ
Posted

What do you google to find neighbor comps in your area? MSL listings. or ask a realtor??? Found a property in South Jersey 

Most Popular Reply

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50
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10
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Mathew Gunkel
  • Investor
  • Pennsauken, NJ
10
Votes |
50
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Mathew Gunkel
  • Investor
  • Pennsauken, NJ
Replied

@Sharon Leigh Depending on how hot or cold home sales are in that area, getting recent true comps on your own can be difficult. I was recently trying to run down comps on a duplex in my area, and given the luke warm market in that area there really were no true comps that were recent enough to be of great value. I had to rely on a real estate agents knowledge of the area and his access to MLS to dig up some not-so-recent sales. Many free sites like Zillow will only show recently sold homes in a search engine. If you're looking at a single family home, your chances of getting solid comps will be much better, and if the market in the area you're looking is a bit hotter good comps will come even easier.

If you can get some help from an agent using MLS, that would be ideal. If you plan to use an agent to make the purchase I'm sure they would be more than happy to help. If not, I totally agree with @Account Closed about them not being to excited to work for free. 

Either way good luck!

Mat

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