Posted by Pete CA on November 14, 2006 at 02:33:39:
I am a real estate appraiser. I have found Zillow.com to be incorrect a lot of the time unless it’s a condo and the exact model match sold in the past 6 months. As far as accurate values I dont know. I checked out my parent’s house and it values it at $843,000 based on the neighborhood. It doesnt factor in the amazing view, custom pool/spa, added square feet, etc. Recent appraisal came back at $1.15M. Just my thoughts. I’d say MLS is the best way to get comps.
obtaining ‘comps’/CMAs without a real estate agent - Posted by jerrold
Posted by jerrold on November 10, 2006 at 13:46:23:
hello all,
i am new to REI and will start Birddogging. I am looking to find deals in the areas surrounding my home but cannot get ‘COMP’ or CMA to do any analysis for the deals from the RE agents. When i told them that i was looking for deals for my ‘partners and other investors’, they simply handed their business cards to me and suggest that my partners contact them about comps.
Can anyone suggest ways that i can obtain the information necessary to do competent and thorough deal analysis? Thanks in advance.
Depending on whether or not you are in a privacy state, you may be able to get comps from a title company. They are more than willing to work with real estate investors and they generally provide the comps FREE of charge! Otherwise, I have heard you can join the local MLS as an investor for slightly more than what a realtor pays, even without being an agent.