Can I find comp for homes also?

Asked by Pam Buzzell, 02347 Fri Jul 30, 2010

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8
Shane Cormier, Agent, Pembroke, MA
Mon Aug 2, 2010
Call me today and we can get started with an accurate estimate of value, I will go over listing guidelines with you and help you with your search as well!

I look forward to speaking with you soon!

Shane Cormier
774.283.5630

Century 21 Tassinari & Associates
http://www.southshorepropertymarket.com
0 votes
Spirit Messi…, Agent, Tucson, AZ
Mon Aug 2, 2010
Where are you looking? I would simply call a local Realtor, as for the SOLD comps for the area, preferrably subdivision you are looking in. They should know what a comparable house is (+/- 300 sq ft and etc). Good luck. If you want just a ballpark estimate that may be off by up to +/- 20% go onto Zillow.com. They say themselves in their disclaimer that it is not 100% accurate and that someone wanting a more accurate number should speak with a local Realtor. Good luck.
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Matt Heisler, Agent, Westborough, MA
Mon Aug 2, 2010
Its also worth noting that on-line comparables are rarely the whole story. Condition, often best viewed from inside the property, can be a 15% swing or more on valuation. Lots as well can be a big swing. You can't hear road noise from the internet! Someone who is intimately familar with the landscape can help assess the data accurately.
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Kevin Vitali, Agent, Tewksbury, MA
Sat Jul 31, 2010
Contact a local Realtor to pull together a CMA (Comparative Market Analysis). They will help you understand the data.
Web Reference:  http://www.thehousewiz.com
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Michael Giles, Agent, Beverly, MA
Sat Jul 31, 2010
Hi Pam,
If you want to find out what is selling in your area you can use my free service at http://www.pinpointmarketwatch.info if you sign in as the owner and give your address it will show you all sold and active inventory over the last 3 months. You should sit with a Realtor after you review the report to go over the homes that are the best comps for your particular home.. This will however give you some knowledge going into the meeting . I hope this helps!--Mike
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Shane Cormier, Agent, Pembroke, MA
Sat Jul 31, 2010
Morning Pam,

I agree with both Jen and Joe. Typically a comp should be done by a Realtor who is currently active in the community you are interested in. In the past you were able to back back as far a 6 months for comparable data, but in todays world and with the fluctuation of the market being the way it is, I am only looking back 2 months, and even that is suspect at times.

Let me know if you need assistance in this area.

Best Regards,

Shane Cormier
Century 21 - Tassinari and Associates

1.800.656.1342 x 1119

http://www.southshorepropertymarket.com
0 votes
Joe Arnao, Agent, Sanwich, MA
Sat Jul 31, 2010
Jen is right. The best way to get an accurate picture of what has sold in your area is to give the details to a Realtor who can search the MLS database based on the criteria of your home.
It is difficult to get an accurate picture by using on-line services.
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Jennifer Syl…, Agent, Plymouth, MA
Sat Jul 31, 2010
Pam

'Comps' are typically homes that have sold over the past 6 months and homes that are currently ont he market. In this market, you should concentrate more on what has sold in your area to determine market value. Comparable properties should first - be in the same or similiar location as the subject property and second - have similiar features as the subject property. You can find information on what has sold at the local registry of deeds or contact your trusted Realtor. If you do not have a 'go-to' Realtor to ask for help, I'd be happy to provide you with the information. I'll need the address of the subject property in order to pull together the correct comps. Please let me know if I can be of service.

Jen Sylvester
Web Reference:  http://www.JenSylvester.com
0 votes
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