Updated almost 11 years ago on . Most recent reply
Determining Market Value in Utah
Hey Guys!
So I'm trying to get and understanding of the Market Value here in Utah.
But on sites like Zillow they don't seem to have records of the History of previously sold homes..and what they do have is very scattered making it difficult.
Is the MLS my only hope? Any other Suggestions? appreciate any support Thanks
Most Popular Reply
To find comparable values, you'll really need to connect with an investor friendly real estate agent. Utah is considered a "non-disclosure" state; meaning the sales price of property is not officially recorded. Sites like Zillow , as @Chaz S. stated, only provide "estimates" and, their STATED margin of error can be around 20%. That's a lot of margin to "guess". On only a $100k property, that's up a $20k of "guess". I don't know many investors who are comfortable with that much "guessing".
I'd suggest contacting any realtors here on BiggerPockets that you've read their posts and find them to be valuable.
Best of luck!