Creating Comps for properties in Hillsborough FL

[William Howley]

Hi, I am a local investor in Tampa, Florida. I was just wondering what other people are doing to do their comparables research. 

Are they relying on a real estate agent? 

Do I need MLS access to do them myself?

Is there an automatic tool or service out there that is somewhat accurate? 

Just wondering if anyone has any strategies to quickly and easily produce comps for a multitude of properties. 

Thanks.

[Lynn Bown]

Be sure not to rely on the zillow / eppraisal.com & other computer based comps. They can be off 30% in either direction as they take averages of sold and listings without considering, neighborhood, condition, or amenities. If you don't have access to the MLS there are many services as @Nick C. said.  when you get one be sure to adhere to GLA (Gross Living Area) within 20,% comps within 1 mile unless impossible to find, (go out .25 miles at a time) look at the pictures and determine the condition of subject compared to the comps and make adjustments.  find 3+ sold (best indicator) within past 6-12 months and 3+ listings (sellers are not always realistic) and then you will get I good idea.  I do over 1,000 property valuations yearly for REOs, banks, and investor and you would not believe the valuations I have to correct for banks where they have way too high or to low a value as their market for value.