http://www.REIClub.com - Having Accurate Real Estate Comparables Will Save You Money. Here Are A Few Tips on How To Pull Accurate Real Estate Comps...
Calculating Sales Price:
After removing all inaccurate comps, take the remaining properties, average their $/sq.ft and multiply that number by the total sq.ft of the property you are interested in. This will be a good starting baseline. You might need to adjust based on your assessments of other ‘for sale’ properties in the area.
Sites:
- Zillow.com - not very accurate
- Realtor.com
- Yahoo Real Estate
- Loopnet.com - commercial
- RedFin
Again, this is Frank Chen with REIClub.com. Please take the time to leave your comments for this video below and please subscribe to our YouTube channel so you’ll be automatically notified when we upload more quick video tips for you. Take care and good investing.
