FINDING GOOD COMPS TO GET THE ARV OF A PROPERTY

[Edith Alvarado de Cortez]

Hi BP community,

I hope you all are safe and sound. 

I would like to know if a property that is within 0.5 miles from the subject property, exact same beds/baths, sq footage, same zip code and sold within the last 6 months but it's in a neighborhood across a major street is a good COMP.

Thank you so much for your time and insights!

[Mason Hickman]

@Edith Alvarado de Cortez

It really depends on the area. In some locations, it could be a good comp and in other locations it will be entirely different. It’s best to tag what location it is in and maybe a local realtor to that area can weigh in.