How do I get access to comps?

How to assemble the best comps

1. Search recently sold listings. Start by searching real-estate listing sites, such as Zillow and Redfin, for the handful of recently sold listings that are most like your home.
2. Apply these standards. The sold listings that are best for comps are:
3. Visit your comps.
4. Calculate your home’s value.

How do you pull an MLS comp?

When pulling MLS comps, agents typically search for listings that are similar in size, condition, features, and age. These listings are ideally sold within the past six months and within a one-mile radius. In rural areas where distances from property to property tend to increase, a five-mile radius is acceptable.

How do I run comps on Zillow?

Zillow

1. Go to www.zillow.com, log in with your account, and search for a property under “Buy”
2. Click on Expand on the upper right.
3. Scroll down until you see the Price This Home button (just below the Zestimate® price) and click Choose comps.

How do I find comps on Redfin?

1. Use a reputable real estate website to find local comps

1. Click on “More Filters.”
2. Scroll slightly down and under “Listing Status,” click the toggle that says “For Sale.” This will effectively replace homes for sale with sold homes in your search area.

How do I find comps without MLS?

Can I find house comps in my area without the MLS?

1. Public property records: If you want to find the sale price of a specific comparable, the county usually keeps those records.
2. Zillow: Search on Zillow using the Recently Sold filter.
3. Zillow pricing tool: Try this pricing tool to find comps in your area.

How recent do comps have to be for appraisal?

90 days
When an appraiser is looking for comparable properties to determine a price, they are supposed to only look at sales within the last 90 days. Now, if there aren’t enough sales a lender might go back six to 12 months. But the ideal is 90 days.

What are home comps?

Understanding “Comps” When Selling a Home Comparables or comps are the terms used for similar homes that have recently sold to help find the best listing price when selling properties. The listing price should encourage buyer interest, reducing the time it takes to sell the home.

What does comps mean in real estate?

What Are Comps In Real Estate? Simply put, real estate comps – or “comparables” – are comparable homes in a specific area that you are looking to buy or sell in.

How do I use Redfin app?

Simply visit www.redfin.com or download the free app for iOS and Android. In the search field, enter the city or zip that you’d like to search for homes in. You’ll see a map pop up with all of the homes for sale. To narrow your search by price range, a number of rooms, square footage, etc.

How can I get free real estate comps?

What happens when an appraiser Cannot find comps?

If the appraiser isn’t able to find a single comparable property, you’ll likely struggle to move forward with a mortgage on that site. Some lenders may be able to proceed on a case-by-case basis with a single comparable. Having at least two good comps should help you breathe a bit easier.