If you do not have access to the MLS, there are still a number of options for accessing comparable properties. For example, in Seattle, Zestimate values for half of the homes are within 5 percent of the selling price, and half are off by more than 5 percent. : Find homes that align with yours in terms of walkability, shopping/retail, waterfront proximity, views, public transportation access and school ratings. If possible, drive or walk by the house to get a good feel for the exterior’s condition. We also ignore properties that clearly were sold as tear-downs, as-is, rehabs, or in need of TLC as in the case of the 55k property on Tippecanoe. This article includes several resources that you can use to pull comps without a Realtor. You can even take 3D tours to see how similar the interiors are to the property you are appraising. Have questions about buying, selling or renting during COVID-19? Is it near a bus or train line? Do this by clicking on the plus sign icon. We’ll repeat the process to broaden the search to six months by selecting ‘6 Months’ from the ‘More’ drop-down menu. GetComps API. You can use comps, too. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. Simply tell us a few facts about your home, and we’ll analyze your home’s condition and area comps. Read on for more info on comparables, the most important factors and how to identify the most accurate comps for your home. Divide the sale price of a home by its square footage, then compare that number to your own desired price per square foot. How accurate is your Zestimate? : Include homes with the same number of bedrooms and bathrooms as yours. If you want to get the rental comps of a rental property not listed on the platform, you can simply enter the address first along with some other basic property info. Return to Zillow.com. Or, sellers can price below market value in hopes of drumming up multiple offers. Rather than investing a lot of time in researching comps and trying to figure out a fair listing price for your home, consider selling your house to Zillow. For ARV we always rely on properties that have already sold, and the more recently they sold, the better. 3 Ways to Find Comps When Determining ARV for Your Wholesaling Deal 1. That’s really all there is to it. Aug 2, 2017 - How to use Zillow to find comps for house flipping. 3 to 5 comps are often used to back up value estimates and calculations. Usually, a buyer’s lender will require an appraisal before closing, but sometimes sellers get an appraisal to help them accurately price their home. It’s a collection of nearby comps, put together to help an agent and seller decide on a good listing price. If you’re pricing a condo to sell, don’t compare it to anything but other condos. be of similar construction on the exterior. : Try to stay within about 300 square feet of your home’s size. The listings that Zillow first shows when you search for a property are ones that are active For Sale, indicated by red dots, and Potential, foreclosures or auctions, indicated by blue dots. Sellers can overprice the home and then end up settling for much lower. Nowadays, however, you can contact a real estate agency or find an online MLS to obtain rental comps from, which normally comes at a price. To make viewing easier, we’re going to draw a box around the subject area using the lasso tool. Not sure you’ve found the right listing price? The first thing you notice is that Zillow brings up the subject property information. This allows you to download a spreadsheet of all the data on the comps you found. A comp, which is an abbreviation for comparable sale, is a recently sold home in your area that’s similar to your home in location, size, condition and features. Move when you're ready. 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