Today I went through all 13 properties I pulled yesterday that met my criteria and pulled up the comps for each on the MLS.
Search For Comps:
To search for my comps I’m searching by town, exact Beds and Baths (I expand my search if I don’t get a good return) and I’m looking 6 months back. I’m also looking at the Under Contract and Solds over that period of time.
Narrowing Down By Location
Now what I do is select all the comps and view them on a map like so
I then locate the Property I’m interested in and then zoom into that area
I’ve gotten all the comps now by location, now I just have to take a closer look at each listing and pull out the 3 or 4 most similar houses to the “Offer Property” and then come up with an ARV.
I’m far from an expert at pulling comps so If anyone has any suggestions or criticisms feel free to leave a comment. Till tomorrow when I come up with the ARV’s and MAO (max allowable offer) for each of the 13 Properties.
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