good Website for comps

good Website for comps

Real Estate Investor · NY · Member since 2008 · 313 posts · 87 votes

Can anyone recommened a good website for comps? I tried realquest but am unsure of the reliabilty of their information. Thanks,
Mike

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Joshua D.Pro Member
BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
18y

Here's a link to a bunch of comp sites:
http://www.biggerpockets.com/house-value-comps.html

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  • Real Estate Investor · Portland, OR · Member since 2008 · 1k+ posts · 23 votes
    18y

    You can try www.Realtor.com as one source... But be aware a Realtor has to have some sort of membership for their listings to be on Realtor.com... What that means is not all of the listings in a certain city will be there. Also these are “for sale” not “sold” properties.

    Also, most MLS services and many realtor websites have the MLS searches built in to their websites.

    Try several Realtor sites and test them out for yourself... Many have different features and some are better than others.

    PS You should also have a good Realtor (or two) pull actual “Sold” comps for you too. Especially on those houses that are tougher to comp out on your own.

    A couple weeks back when I had 2 realtors comp the same house for me... they came up with a 25% difference in the value... That’s why more than one is best! (FYI - I agreed with the Realtor with the lower value)

  • Real Estate Investor · NY · Member since 2008 · 313 posts · 87 votes
    18y

    Thanks for the help Eric. I have used realtor in the past and like you said they dont always have all the homes in my area listed. Thanks for the reply,
    Mike

  • Real Estate Investor · Portland, OR · Member since 2008 · 1k+ posts · 23 votes
    18y
    Originally posted by "mrothe":
    Thanks for the help Eric. I have used realtor in the past and like you said they dont always have all the homes in my area listed. Thanks for the reply,
    Mike

    You are welcome...

    I always try to get my Realtors to do as much of my work as I can... (sorry realtors out there)

    Im a mean Investor... I really make them work to earn my repeat, regular, monthly business.

  • Chicago Area, IL · Member since 2008 · 14 posts · 0 votes
    18y

    mrothe,

    here's a couple of sites that you may find helpful.

    cyberhomes.com

    zillow.com

    They're not as targeted as a CMA, but do provide ballpark figures.

    Hope you find these helpful. :wink:

  • Real Estate Investor · Santa Maria, CA · Member since 2008 · 23 posts · 0 votes
    18y

    I believe that you can get comps from Dataquick.com as well

  • Real Estate Investor · WI · Member since 2008 · 12 posts · 4 votes
    18y

    You may want to check out firstamres.com

    First American Real Estate Solutions, now merged with CoreLogic.

    I am fairly new to real estate investing and just starting to get acclimated to the site. Appears to be a lot of information available. From what I understand, you can pull information on the realist service, (individual property inquiries) for a nominal fee, rather than pay a large monthly access fee.

    Perhaps a seasoned investor can check it out and provide more clarification.

    Have a great week,

    Jon

  • Joshua D.Pro Member
    BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
    18y

    Here's a link to a bunch of comp sites:
    http://www.biggerpockets.com/house-value-comps.html

  • Real Estate Investor · Bakersfield, CA · Member since 2008 · 77 posts · 0 votes
    18y

    you may also want to go and speak with your local title company and have them give you access to there systems to pull comp's from there.

  • Charlotte, NC · Member since 2008 · 75 posts · 2 votes
    18y

    I use realquest.com, its a pay service, but I've liked it so far

  • Real Estate Investor · Miami Beach, AL · Member since 2008 · 34 posts · 0 votes
    18y

    ou can go to bank of america website. Click on mortgages and theres is a section for "find my homes value" It is more accurate in large metro areas.

  • Loss Mitigation Specialist · Livemore, AL · Member since 2008 · 13 posts · 1 vote
    18y

    You can feel secure with realquest, dataquick, ndc data, these are the sites used by professional valuation consultants.

    Be careful with zillow and many of the other free generic sites. Zillow uses comparables from more than a year back which really skews the numbers. Many banks are now looking only as far back as 3 months recent sales and also current active listings.

    Agents make very good money and should be used to get comp info, it's not really alot of work, they can pull the listings and provide a copy to you with basic details. But, you could use this to learn which realtors you like to work with and who are good at what they do.

  • Orlando, FL · Member since 2009 · 2k+ posts · 282 votes
    16y

    Right now I'm doing the free trial of both SiteXData and RealQuest, trying to decide which one (if any) to pay for.

    I've noticed that they're usually in line with each other. However, there's one house (short sale asking 61K) that Sitex and cyberhomes have valued at mid 60s, but realquest has valued at 108K! Also, my own recently purchased house, which hit the county public records about a week ago, is present in Sitex, but still appears as the previous owner in RQ. This is making me have doubts about RQ.

    The problem with Sitex is that they don't have a month to month option. You have to do a year contract and pay $100 to get out early, which sucks. Also there is a $200 "setup" fee, but they are waiving it for October (so I need to make up my mind by tomowrrow!)

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