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Updated over 4 years ago on . Most recent reply

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Menachem Bresler
  • Houston, TX
4
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What is The best comps software?

Menachem Bresler
  • Houston, TX
Posted

What is the best software for checking out comps for fix and flips? Also is there anything cheaper than Costar for multifamily?

Most Popular Reply

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Bob Okenwa
  • Real Estate Agent/Investor
  • Peoria, AZ
2,461
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2,512
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Bob Okenwa
  • Real Estate Agent/Investor
  • Peoria, AZ
Replied

@Menachem Bresler

Comps are more art than science. It can take some time, but you have to be able to compare similarities and adjust pricing based on slight differences between two properties. Automated software exists (desktop appraisals) but they don't really factor in the interior of the home and small nuances like a human appraiser would.

MLS (if you have access to it), Redfin, Realtor.com, etc. will show you sold comps and have enough filters to get an accurate representation of ARV.

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