How do you research Property Comps?

Here’s how to find real estate comps on your own.

1. Search recently sold listings. You can easily pull up pricing data on recently sold homes on realtor.com.
2. Search general home value data. Another great realtor.com tool for seeking out comp data is the “Home Value” tab.
3. Request public records from your county.

What is the best way to estimate home value?

How to find the value of a home

1. Use online valuation tools. Searching “how much is my house worth?” online reveals dozens of home value estimators.
2. Get a comparative market analysis.
3. Use the FHFA House Price Index Calculator.
4. Hire a professional appraiser.
5. Evaluate comparable properties.

Can you use Zillow for comps?

Zillow: Search on Zillow using the Recently Sold filter. Zillow pricing tool: Try this pricing tool to find comps in your area. Simply enter your home address to view recent sales. You can narrow the results based on the ones that are most similar to your home, and then we’ll calculate a home value for you.

How do appraisers find comps?

In short, finding comps involves looking for recent sales of houses as much like your own property as possible, then comparing your home to them and adjusting your price to account for the differences.

How recent do comps have to be for appraisal?

90 days
When an appraiser is looking for comparable properties to determine a price, they are supposed to only look at sales within the last 90 days. Now, if there aren’t enough sales a lender might go back six to 12 months. But the ideal is 90 days.

What determines house appraisal value?

A property’s appraisal value is influenced by recent sales of similar properties and by current market trends. The home’s amenities, the number of bedrooms and bathrooms, the floor plan’s functionality, and the square footage are also key factors in assessing the home’s value.

How do I find my property value online?

How much is your house worth? Top 10 best online tools to help you estimate your home’s value:

1. Zillow.
2. Trulia.
3. Redfin.
4. Realtor.com.
5. Real Estate ABC.
6. Eppraisal.com.
7. HomeGain.com.
8. Chase Mortgage Services.

How do I find the fair market value of my home?

Here are four ways to find it:

1. Go to a site like Zillow or Trulia. One quick way to find the fair market value of a home is to check online real estate sites.
2. Contact a local realtor to run a comparable market analysis (CMA).
3. Get an appraisal.
4. Check the taxes.

What if appraiser Cannot find comps?

If the appraiser isn’t able to find a single comparable property, you’ll likely struggle to move forward with a mortgage on that site. Some lenders may be able to proceed on a case-by-case basis with a single comparable. Having at least two good comps should help you breathe a bit easier.