Getting The Comps

As far as I know you have to get a Re agent to get the comps. I have been trying to find a GOOD RE agent and so far haven't found one. GOOD LUCK! And the neighborhood I would say it within a few miles.
Annette Bates

Hey Matt,

"4+cash flow" link, you lost me that's?

Thank you!
Denver

I must have missed that. What is 4 + Cash Flow? Can you please give the rest of us the link?

Annette Bates

Hi you can get comps from an appraiser in your area as well, Jim

Can you please give more details on what 4+ Cash Flow means? Thanks in advance

Really wondering about this now, any idea's?

Thanks,
Denver

I think you forgot the link?

I know for a short sale I told the listing agent I was an investor interested in the property, and would he please provide me with the comps, he had me the comps in less that 1 hour. I think I will build a relationship with him.

Thank you for the great info family!

Is there a good website used by fellow DG'ers to get comps in a possible investment? One thing I think I'm having trouble with is accurately determining value on a house. Any tips on getting comps? Or finding out what your house will truly sell for, ARV?

EX:
house near your house SOLD for $150,000 and has 2300sq ft (same type=apples to apples)

150,000 divided by 2300sq ft =65.22 sq ft if xtra land add value

If youre looking at a house in the same area/type/condition etc, say it has 2600 sq ft, multiply by 65.22 sq ft= 169,572

look at SOLD prices of other houses in other areas and note the sq ft prices

Hey Greg, I think were all waiting. What is the 4+ cash flow please.
Mike,personally I have 3 different realtors who send me listings ( Not my realtor of choice I just signed up on their sites long ago ) One is an owner/broker I call periodically. In the beginning I simply told him I am a small, new investor working mostly FSBOs that you send listings to, would you mind running some comps for me. While I don't think he would be open to trying the 25/1 strategy ( wee will see later ) he is most helpful every time we talk and has no problem running comps for me once in a while. I plan on compensating him ( dinner for two nice restaurant, something ) Just some helpful input I hope. You never know till you try
Success in REI
Garold

That seems like a pretty easy strategy to implement. Would you say thats pretty accurate, as long as the conditions (area/type/condition) are met right? Is this the strategy you use when analyzing a deal?

Thanks

Can I use the Zillow for that?
It lets me filter for recently sold houses, bed, bath, sq, 90 days or 6 months, and if there are same nr of Bed, Bath, +/- 20% sqfeet, then we average the sold prices and the sqfeet of the comparable houses.
Sold houses average price divided by sold average sqfeet gives you the number, which you multiple by your own house's sqfeet, and you got the value of the house.
Is that right?