I wouldn't use Zillow or any of the others. The so-called "comps" often aren't, and you end up comparing apples to oranges. Or--give it a try, but please don't trust the results you get.
Using the public records for recently sold homes is better. But without access to the MLS, finding properties in your community (Lake Ridge, for instance) can be difficult. And public records don't show things like seller concessions. The public record might say the house sold for $200,000. But there might have been a $6,000 seller concession. That makes the real sold price $194,000 . . . and you wouldn't know it from the public records. Also, public records can be inaccurate. Maybe someone has added onto their home, adding an extra bedroom and bath. But the public records may not show it.
In addition, though comps ARE based on sold properties, it's also important to know what's currently on the market. Remember that a house sold today probably went under contract 45-60 days ago. So a property with a fairly recent comp--say 4 months ago--may have gone under contract 6 months ago. The market can change a lot in 6 months--up or down. So while the comps may say your property is worth about $200,000, if the market's moved 5%, then your property really ought to be priced at $190,000 . . . or $210,000. Price it at $190,000 when competing properties are at $210,000, and you'll sell quickly, but for perhaps $20,000 under what you could have gotten. Price it at $210,000 when competing properties are at $190,000, and it just won't sell.
So: Don't hire a Realtor. At least not yet. But ask one (or more) for a CMA on your property.
Hope that helps.
That's funny because most agents I know simply call up information on their local mls which definitely doesn't have appraisal info, repair info and special deals made.
REAs have value but being snarky with someone wondering where they can find informtion that the public has access to in many places isn't one of them.
I am a realtor in Woodbridge, VA. I would be happy to do a CMA for you. All I need is the address of your home and your email. I will be happy to answer any of your questions. If your intention is to sell it yourself, I will not presure you. Give me a call.
I am a realtor in the Woodbridge community. I went to school here, work here, and am raising my family here. It is my job to know the local market. As realtors, it is also our job to provide answers to those asking questions as it relates to real estate. I am not sure what your experiences in the past has been with realtors but we can be a great resource to you. I have a lot of friends and family who have no intent on buying or selling but are interested in knowing the local market conditions. I have no problem supplying them with the information they request. I look at it as a privilege that they would ask me when there are other options. I say all this to say that you should not feel any pressure in asking a realtor for comps. I would be more than happy to supply you with the information you are asking about. If you are indeed looking to sell on your own (FSBO), I have a plethora of information and resources to provide you. I help FSBOs on a regular basis with absolutely no obligatioin. I am sure any good realtor should be able to assist you. Don't be afraid to ask! Best of luck to you!
Marvin J. Felix
Century 21 New Millennium
12581 Milstead Way Ste 400
Woodbridge, VA 22192
Licensed in the Commonwealth of Virginia
***BUT*** I think you would be better of asking a reputable agent in your area. There is no obligation to use their services, and most agents do it free of charge. It's fairly easy and quick for an agent to supply you with a CMA on your property. And who knows, you may like what that agent has to say, and decide to work with them after all!
Katarina "Kata" Ford
Associate Broker, Realtor
Direct: (424) 241-6975
COLDWELL BANKER RESIDENTIAL BROKERAGE
451 Manhattan Beach Blvd, Ste D220
Manhattan Beach, CA 90266
Keller Williams Realty Sales Associate
Mobile: 914 589 2455
Fax: 914 713 3271
Office: 914 902 3277
WEBSITE : http://westchesterpropertyspecialist.com
PROFESSIONALISM AT ITS BEST!
2nd largest Realty in the country!
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Realtors aren't as scary as they may seem. When interviewing agents to sell your home, they will surely bring comps. But that doesn't mean you necessarily need to hire an agent. You may decide that the comps are not high enough at this time and decide not to sell. You are never under any obligation when requesting comps, so take advantage of the many services your neighborhood Realtors can provide.
Sell their home as a FISBO (owner sell)
Looking to see the equity on their home.
or to see if there is value in selling their house before contacting a realtor.
A Realtor is a real estate agent who joins the association of realtors. (real means real property a tax term and Estate agent is the type of real property it is and that they represent one or both of the parties as an agent).
As part of the program and tools the association of realtors provides, homes that are sold are put into the MLS program and are used in many ways to provide information to the realtor. (they may not do the actual work but they pay for it, and they assess it based on the information received from actual sales reported by other agents and tax records. I know most Realtors will provide a comp (comparable) analysis at no cost to you. It is best if you find a local Realtor who has worked in the area for some time and understands the neighborhood well in order to get the most accurate comp. Comps are just an educated guess and if you want a real value report, you can hire an appraiser to get the true value of your home.
You don't have to hire a realtor to get comps, you can call a local realtor up or many fine ones
Responding to you.
The other way is to get in touch with county tax records
Lastly also check the local or town news paper, they give you a weekly summary what has closed.
But it will be time consuming.
Dwayne & Maryanne Moyers
Managing Broker (Lake Ridge Office)
13000 Harbor Drive (Tackett's Mill)
Woodbridge, Va. 22192
(540) 379-7359 (Maryanne)
(540) 446-6284 (Dwayne)
How can you find comps.......
Call us, walk into our office, contact us by e-mail. We won't charge you just to run community comparables.
Have a good day.
Why would you not contact an agent to give you comparable information? They provide that service for FREE!
Other places you could search are : County Tax Assessor, or Zillow
All the best,
Just make sure the information you pull on your own is not older than 60-90 days...
Best of luck,
You can search websites like Trulie, Zillow etc to see what other homes are going for in your particular subdivision, or you can also use my website to create one on your own: http://www.house2homeva.com
But having a Realtor prepare a CMA for you is the best way to learn about market situation and you can also ask the agent about current market trends.
There is no commitment to avail this kind of service. A knowledgeable Realtor also guide you through the Selling/ Buying procedure, which will make you understand how things work from start to finish.
It seems overwhelming to hire a Realtor, but we fight for your best interest and save you a whole lot more at the end.
For free comps, contact me or any fellow Realtors who have responded to your question.
And I'm sure that, you'll be amazed how sincere advise you get without any pressure of signing any document.
All the best!!
Faiza Alvi - RealtorÂ®
Prince William Realty, Inc.
Keep in mind that you don't have to hire an agent in order to have a comparative market analysis done. So feel free to ask a few agents to perform this service for you (it is usually no cost). It will be interesting to see how they compare.