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Updated about 10 years ago on . Most recent reply

User Stats

61
Posts
12
Votes
David Brown
  • Realtor
  • Paterson, NJ
12
Votes |
61
Posts

How to run your own comps on a property?

David Brown
  • Realtor
  • Paterson, NJ
Posted
Hello BP family, I been trying to run comps on a property for a week now. I reached out about 3 different realtors and they told me they will have it on this particular day, and when I contact them they have a different excuse. I'm not the type to sit around and wait for people to make this happen for me. I want to run comps on this property to know if it's a good deal or not. Those anyone run there own comps and wouldn't mind teaching me how to? I'm willing to learn.

Most Popular Reply

User Stats

16
Posts
2
Votes
Shannon Tidwell-Porth
  • Investor
  • Lexington, SC
2
Votes |
16
Posts
Shannon Tidwell-Porth
  • Investor
  • Lexington, SC
Replied

Every area is slightly different. The best path to finding accurate comps is to cultivate a relationship with a realtor. We have access to MLS and county records. Call a local office or contact a realtor/friend and ask to take them to coffee or lunch. Realtors appreciate free food! Explain to them that you are investing (they hear potential business)and will need their help from time to time completing CMA's. Realtors have these requests almost daily, set yourself apart by taking them to lunch and building a relationship that is mutually beneficial.

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