Jonestown, PA · Member since 2017 · 8 posts · 1 vote
Is it possible to run comps without the MLS? If it is, how would I go about finding the information that I need? Any help would be appreciated. Thanks!
@Lucas D. Bubb It's definitely possible to get a range for comps without using the MLS. You can use either Realtor.com or Zillow.com and just search under the "just sold" tab. Both websites will have filters that you can use to narrow down your search. The only thing is that doing it this way won't be 100% accurate because the MLS gives a detailed amount of information about each settlement.
Just as a FYI.. I wouldn't rely on the Zestimate on Zillow as an accurate comp.
I just started learning about real estate but it seems that most people i hear on the Bigger Pockets podcast initially utilize a website like redfin for their initial analysis but it is recommended to definitely do the comps with the MLS because it will be more accurate. Once again i do not own a property and this is just what i have read and heard.
Ok. Thanks for the info so far! I will try Redfin and Zillow, but I know I definitely to find a good REA who is also an investor to get the real comps.