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Updated almost 8 years ago on . Most recent reply
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What do you use to get your Accurate Comps ?
Questions: Why are investors recommending ZILLOW for comps?? Because Zillow doesn't really give you good accurate comps from my past experience Zillow comps are usually between $30K-$50K HIGHER than what the property is really worth. But I still hear investors recommending ZILLOW. But the real BIGTIME investors I've meet don't use Zillow. They usually get their comps from a realtor or use some program or membership service that they pay for to get accurate comps.
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Toris Diggs
Comps are just recently (3-6 months, 1 year max) sold properties of similar style, condition, and size within a 1/2 to 1 mile radius of the target home.
Zillow shows recently sold homes. So it's basically the same.
Don't use the automated price your home tool in Zillow. Use the search tool to find the sold homes in the area.