How Do I Research An Area To Determine If The Property I Am Intereste In Is Priced Below Market?

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Comments(5)

  • steeler1927th February, 2004

    Look for comps. That is, similar houses in the area that have sold recently. That'll give you an idea of what the going price is. Of course property conditions and improvements play a role so the more comps you get the better your number.

    Check your county recorders office - they may also have online databases - mine does. You can look properties up and get a sales history.

    Roger

  • sellisny27th February, 2004

    Thank you! I will go online and do that search...

  • af785028th February, 2004

    Watch Out!!!

    Make sure you're using closed properties as comps. Do Not use houses currently for sale, the list price is almost always significantly higher than the sale price.

    G/L

  • kimmyjack1st March, 2004

    go to www.homeradar.com. and use this system to find comps in your area

  • sellisny1st March, 2004

    Thank u all, especially you Kimmyjack for that link!!

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