Re: determine property value before doing an offer - Posted by Ed Garcia
Posted by Ed Garcia on June 24, 2001 at 10:05:51:
You don’t say what state you’re in so it’s difficult to give you one answer. For example in California, we can get comps (comparable sales) from our title companies. In other states you have to use the MLS or data quick. I would hook up with an appraiser that I could work with if I’m in a location where comps are hard to come by.
What ever you do, don’t relay on a realtor who will spoon-feed you comps that will only complement the sales price that the seller wants for the property.
This is such an important part of the business; I’ve got to tell you to learn how to evaluate properties for yourself. Don’t relay on any one source.