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Updated about 10 years ago,
Do you include comps purchased by LLC's?
I was narrowing down comps on a house and noticed that 2 comps were extremely high and if used would push my comps up by 70k. Using comps purchased by "jane doe" the house comes to be around 188,000. If I include the other 2 houses purchased under an LLC the house comp pushes to 255,000. Would I be wise to not use these types of comps as they are the outliers from other comps? One LLC was named after the housing address and the other was "we buy houses fast llc" or something like that. I can't find any other comps like those two. And if they are investors i wonder what they saw to make them purchase at 275k and 295k in that area.