How to get comps if you don't have a real estate agent?

How to get comps if you don't have a real estate agent?

Flipper/Rehabber · Dallas, TX · Member since 2016 · 8 posts · 2 votes

Hi all, I would like to know a good way to run numbers against the numbers we are getting from Wholesalers. We want to move forward with our first investment property but we still don't know how to identify if a deal makes sense or not. 

I am getting deals daily from wholesalers, in paper they look good but i don't have a real estate agent to run numbers for me. 

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Real Estate Agent · Garden City, NY · Member since 2016 · 3k+ posts · 1k+ votes
9y

@Yelitza Mora

Texas is a non-disclosure state. So, the only real place to get comps is through the local multiple listing services.

Occasionally, you will find paid subscription services that will give you the comps, but I can't think of any off the top of my head.

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  • Real Estate Agent · Garden City, NY · Member since 2016 · 3k+ posts · 1k+ votes
    9y

    @Yelitza Mora

    Texas is a non-disclosure state. So, the only real place to get comps is through the local multiple listing services.

    Occasionally, you will find paid subscription services that will give you the comps, but I can't think of any off the top of my head.

  • Specialist · Austin, TX · Member since 2017 · 134 posts · 75 votes
    9y

    I would be interested in hearing other suggestions also.

  • Specialist · Ann Arbor, MI · Member since 2016 · 355 posts · 191 votes
    9y
    You can't see them on Zillow in Texas? I check them all the time in my area.
  • Philip DentonPro Member
    Investor · Round Rock, TX · Member since 2016 · 7 posts · 2 votes
    9y
    You could work a deal to be a listing assistant for a local agent.
  • Greg H.Pro Member
    Moderator
    Broker/Flipper · Austin, TX · Member since 2013 · 4k+ posts · 4k+ votes
    9y
    Originally posted by @Sarah Lorenz:

    You can't see them on Zillow in Texas? I check them all the time in my area.

     No you cannot.  As stated earlier, Texas is a non disclosure state so sales prices are not public record.  Zillow as well as their Zestimate is utterly worthless

  • Flipper/Rehabber · Dallas, TX · Member since 2016 · 8 posts · 2 votes
    9y

    Thank you all! 

  • Fort Worth, TX · Member since 2014 · 60 posts · 5 votes
    8y

    @Yelitza Mora you might consider finding a licensed agent offering to list at a discount, then offer to give them your listings in return for running comps on potential deals. It may slow you down in terms of locking up something you want to jump on since you'll be waiting on them to offer their opinion, but it's still better than relying on a third party algorithm and comes with a mutual benefit. Anyway, hope that helps some!

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