Picking the Best Comps

Buyers never want to pay too much, and sellers don't want to leave money on the table. So, what to do? In the words of real estate professionals, you "pull some comps."

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James Z
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7461 winkley way sacramento,ca95822
Jillian H
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did not tell me how to actually get them where to go
sol d
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i live at 5818 morella ave. valley village cal. 91607 my property taxes went up recently for 207 and 2008 but all the home prices have dropped 40 to 60%. my home is 1700 square feet. i feel it is worth less than $325,000. what are some of the comps in my area?
Philip V
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I live on 1425 Circulo Sombrero Rio Rico, Arizona 85648. My property taxes went up drastically for 2009 and 2010 but all the home prices have dropped by as much as 60 percent. My house is 2800sq ft I feel it is worth less then $300,000 What are som good comps for my area
A Yahoo! Contributor
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Picking "comps" or comparables are just what it indicates. The best, most similar type homes in the subject neighborhood. Even though I'm an appraiser, I suggest calling an appraiser for an appraisal. Yes, you can utilize AVM's or other forms of computer generated market analysis, but ask yourself this, do you want to trust the valuation of one of the largest asset purchases you will probably make in your life time to computer/AVM system thats probably 500 to who knows how many miles away from your subject property, subject neighborhood etc, etc, etc. FYI, after these AVM's came out and started being utilized in the appraisal industry, about two (2) years later they started reducing the AVM computer values by 20% to cover all the overvaluations of their numbers. "Plenty of data on that online". In closing, be advised that quite a bit of my appraising business these days is the "investigation/review" appraisal work of the AVM's as they have overvalued property nationwide. THANKS
Troy R
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I am a professional property appraiser.. Zillow is worthless. VERY rare is the est. price that is listed on Zillow even close to the actual market value of the home! It is a free site, and in this case.. You will get what you pay for. It has been off as far as 25-30,000 dollars in value. Do not put ANY weight on what Zillow say.. Do yourself a favor.
susan w
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Would like to know what houses around me have sold for to list ours. My address is 37 quartermaster dr. salem, sc. 29676
Solomon M
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I am looking for two comps to send with my application for value reassessment for my property tax. My address is 5915 Walnut Ave., Long Beach, CA. 90805. Can somebody help me?
Albert Alcala
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Do your Due-Diligence and you can't go wrong. Do your own comps and add the amenities after. Like pools, location, schools and curb appeal. Thanks.
YOLANDA M
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Great site for comps

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