Finding a good comp from the MLS area sales list

[Barbara Malhotra]

Do you use the close price minus the seller subsidy to get a comp or do you just use the close price

[Bill Gulley]

Welcome to BP!

Not real sure what you're asking nor what Jason is saying either, but you never make adjustments to the subject property, adjustments are only made to the comps to bring them in line with the subject.

You use the sale price that a property closed at, concessions can reduce the value if they are known and can be valued. If I sell you a property and you give me a car, you need to know the value of that car, same goes for the seller giving someone something of value in connection with the deal.

If I sell a house and had to give anything to get the sale through or make improvements, the value of such would reduce my sale price to me, but it may not as a sale price to be used as a comp.

If I had to put a new roof on it to sell it, it certainly reduces my profits, but as a comp, the sale price will be used and then an adjustment for my new roof can be made to bring it in line with the 6 year old roof on my subject property.

Hope that helps..... :)