Are realtors necessary to correctly analyze deals?

Are realtors necessary to correctly analyze deals?

Real Estate Agent · Orem, UT · Member since 2017 · 36 posts · 13 votes
Do you have to have comps pulled from the MLS by a realtor or can you just pull comps from services like Redfin or realtor.com ?
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Jenn BaronaPro Member
Real Estate Agent · Gainesville, FL · Member since 2016 · 115 posts · 100 votes
8y
@Justin Lewis Being a Realtor I do have access to more platforms than the average Joe. With that being said, as long has you are getting your comps from a reliable source and you know how to adjust for the differences you should be ok. This is literally what we do each and every day so agent are more refined at it and it can take them half as much time if they know where and what to look for.
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  • Real Estate Broker · Redwood City, CA · Member since 2014 · 679 posts · 888 votes
    8y
    @Justin Lewis Computer will not give comps, only guess. You have to go inside each house to get real comp. there are too many things that computer can not grab. If you invest money based on computer data, that is a big mistake.
  • Real Estate Agent · Orem, UT · Member since 2017 · 36 posts · 13 votes
    8y
    @Mike M. This is really good advice. Thanks so much
  • Lender · Newport Beach, CA · Member since 2018 · 11 posts · 0 votes
    8y

    There are so many analytic tools available now to understand values and trend analysis. I still use Trulia, Realtor.com and occasionally Zillow esp for their new rental trends. If you really want to go deep a BPO Broker Price Opinion can be done complete with exterior pictures for around $150. I can refer one or more if needed.

  • Realtor · Tempe, AZ · Member since 2017 · 541 posts · 442 votes
    7y

    Yes, it's going to be the most accurate, assuming it's a good realtor

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