Using Trulia, Zillow, Redfin, Realtor, etc for comps

[Matthew Fleming]

Is it okay to use the recently sold function from the above mentioned websites for comps? or should an investor only use a real estate agents comps from the MLS?

[Edward B.]

It is OK, but not great. Your information will likely be somewhat dated and less detailed to what the MLS will have. It is a good way to get an idea of value but you probably want something more solid (CMA/BPO/appraisal) before you do a deal. Of course, this assumes that you have the knowledge and expertise to evaluate the comps. If not, use a realtor.