How to calculate comps on a house

[Adam Mazzochi]

I’m new to this and don’t want to make any mistakes calculating my numbers before I purchase. What’s the best way to calculate comps on a house. Is there any tool or website that can do it for you? Thank you for your advice

[Kuba F.]

@Adam Mazzochi, Glad to have you here on BP. 

Redfin is a great resource for finding comps, if they are in your area, and Manorville, NY has Redfin coverage. I go with Redfin because it is essentially a broker and gets property information directly from the MLS, updating the listings about every 15 minutes, so it's quite up to date.

If you want specific recommendations for tools where you can calculate ARV using your own comps let me know and I'll PM you.

I wrote a biggerpockets blog post on a step by step breakdown of how to find comps and calculate ARV, check it out here: https://www.biggerpockets.com/blogs/8814/68395-how-to-find-real-estate-comps-and-calculate-after-repair-value