I have been using eppraisal, zillow and refin to help me define the value of properties that I come across. Are there any other sites that may be able to help out in this aspect?
I recommend you get access to the MLS. Start networking with investor friendly real estate agents and see if you can be thier “assistant”. You then pay an inexpensive fee ever few months for MLS access.
Yes the MLS will help you alot, but if you don’t have access to it, sites like zillow (click on recent sales check mark) You will be able to see what has and is selling in an area.
You can also check the area the house is in and see if there are any similar houses on the market with realtors like yours. Call these realtors and get prices and dimensions. :bobble
The Multiple Listing Service(MLS) is probably the best source available for running comparables. Attend your local REIA meetings and build relationships with Realtors who may be present. They have access to the MLS at the tip of their fingers. This would be the only way you can gain access!
To your success! :smile
Don’t let not having access to the MLS stop you from doing deals… Before getting acces to the MLS i used zillow with great accuracy… the trick is looking at the “sold” listings and not the zestimate…
I agree with Fredd on this. MLS is still the best place to look up comps of course but if you really don’t have access to it, these free sites like Zillow, Trulia and Redfin will do. I know a lot of people will tell you that they’re awful and that you shouldn’t rely on them but what I do is I like to look up the similar sales in the area (there’s a link in Zillow) and I verify with public records site. I go to the city’s real estate assessor’s office site and look up similar properties that have been sold in the area.
Also, don’t forget to check to see if your county has a website for real estate, it can be a big help in so many ways. :biggrin