Teena Edge

Hi Sheila,
This is just a piece of it...most companies want 3 active listings and 3 sold listings. They prefer them to be MLS comparables and would like the solds to be within the last 3-6 months, if possible. They want them to be within a 5 yr built time of the subject, and within a half mile to a mile of subject. If unable to pull from these guidelines, then you will need to explain why you had to go out of the guidelines. If the house is brick, then the comparables should be brick...if it is a two story, then try to use the same. Lot size is also important, as well as location. You will also need to make sure you take photos of subject...front, left & right side views, numbers on the house/mailbox, and left & right views of the street. The street view is to let them know what the neighborhood looks like in comparison to the subject. Some of the companies have very detailed information they want on the form...so pay attention and take lots of pictures for referencing when filling out thier forms. You may also need to have a W-9 ready (some RE companies want the check made out to them and then pay you themselves-need to check with your broker for thier guidelines) and possibly your E&O insurance information, along with a copy of your license. Hope this will help you get started and good luck! - Wed Aug 13 2008, 18:26