Updated over 13 years ago on . Most recent reply
Getting Comps
How do you get comps if there are no recent sales in the proximity one should look? Zillow provided sales from 2010-2011, which I know not to use as comps, but is there another site or method to use to obtain RECENT ACTUAL comps?
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Jon Holdman
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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
#3 Real Estate Deal Analysis & Advice Contributor
- Rental Property Investor
- Mercer Island, WA
AFAIK, zillow is populated from public records data. Generally the comps are valid. You need to get an agent to look on the MLS for you and see if there is something more.
If you're buying to rent, ARV doesn't much matter. Pay what works for you.
If you're buying to fix and flip, and can't find comps, move on to another deal. The appraiser won't be able to find comps either and you'll have a hard time selling.