I need Comps for my deal

[Paul Gwilliam]

I've found what I think are great deals, but I'm not confident in my comps. Trulia and Zillow are not giving me a consistent number. What tools do you all use? How can I get an accurate number for the ARV?

[Jenny Bayless]

@Paul Gwilliam

You have identified an extremely important part of analyzing any deal, which is really understanding what the ARV is. This can absolutely make or break the deal if not done correctly. With that being said, I would take Trulia/Zillow with a grain of salt. If you don't have access to the MLS to look at sold properties, I would recommend looking at Redfin for 'sales' for the past 3 months. It is important to look for actual sold comps, as opposed to 'zestimates'. You can set geographical, size, etc filters on Redfin as a starting point.

One thing to note on this, is sometimes it requires a bit of research, in that the posted bed/bath/sq footage on Redfin isn't always accurate, so you might need to cross-reference it elsewhere.  For example, once a house is sold on Redfin, all the pictures are gone.  You might see a house thats a 3/1 and 1000 sq ft on Redfin, but then if you go to Zillow or County records you might see it was actually a 4/2 at 1500 sq ft.