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Updated about 15 years ago on . Most recent reply

Account Closed
  • Real Estate Investor
  • Chicago, IL
7
Votes |
67
Posts

Comps off the MLS

Account Closed
  • Real Estate Investor
  • Chicago, IL
Posted

Does anybody know how I can get Comps that are not on the MLS?

Most Popular Reply

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1,786
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Eddie Ziv
  • Investor
  • Mableton, GA
464
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1,786
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Eddie Ziv
  • Investor
  • Mableton, GA
Replied

Here is what I do.
1. Find the address of the subject property on Google map or Bing and zoom in so you can see the cross streets.

2. Find a local real estate site with a map that displays the properties for sale (You can also use the map on Realtor.Com).
3. When you have all the properties displayed on the realtor's map, you now zoom to the same area where the subject property is and compare the listings to the subject property.

This not an accurate comp since you are comparing list prices rather than sale price, but it can give you an idea. You can also use the 5%-10% deduction to get to somewhat an idea of potential sale price.

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