Market Value

General Real Estate Investing
1

What’s the best way to determine the market value of homes. Is it comps??? if so, where’s the best source for comps??

2

For the single family dwellings, MLS comps are the best indicator of market value. Looking at sale prices for similar properties over the last six months, should suggest a price at which your property should sell.

A local real estate agent will often provide a free comparable market analysis if you ask.

3

What is the best comp method for multi-family homes (up to 3 family)? Especially when there are few other multi-family sales in the last 6 months in that area (i.e. more rural areas).
Thanks
Art

4

Few sales, says that there are some. Comparable sales numbers are best. Consult a local real estate agent for a free market analysis.

5

Thanks Dave!

6

when i flipped one of my houses my real agent took the 3 most recent sales of the same floor plans in that subdivision.