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Updated over 7 years ago on . Most recent reply

User Stats

34
Posts
7
Votes
Marcel B.
  • Plano, TX
7
Votes |
34
Posts

Running Comps in the NOLA area

Marcel B.
  • Plano, TX
Posted

Hello. Does anyone have software that runs comps in NOLA? The software I have runs comps but for some reason in NOLA, I can't search by bedrooms or sq. footages (which is a big problem). If no one knows of any software, could someone recommend a real estate agent? Thanks

Most Popular Reply

User Stats

957
Posts
740
Votes
Braden Smith
  • Investor
  • New Orleans, LA
740
Votes |
957
Posts
Braden Smith
  • Investor
  • New Orleans, LA
Replied

New Orleans neighborhoods change drastically from block to block. They always have. And now we have many neighborhoods that are in transition and changing rapidly. The boundaries of good and bad are moving and if you don't know where they are you will get yourself into some real trouble. Investing in New Orleans is a challenge even for us with experience. Comps jump all over the place. You cannot look at a radius or zip code when looking at comps. You must draw your own boundaries on the map to be sure you are looking in the same neighborhood. You must know where those boundary lines are.

I'm a local realtor and investor, but I dont run comps for other investors. No offense, but there is a conflict of interest there for me. I am sure you could find a realtor that would do it for you, but you would have to make it worth their while somehow. I have several friends and associates that are realtors that I might be able to refer you to, but they will want to know how would you make it worth their while...?

  • Braden Smith
  • Loading replies...