Some of the best comps could come from your realtor. Ask them to run comps for similar buildings that have sold in your area in the past 6 months to 1 year. Usually appraisers may not use recent sales as comps older than 1 year or less depending on the area. Also, you local county assessor may have records for recent sales of these properties. A trip to the county court house or a visit on-line could yield some helpful insight and information. Good luck with real estate investing. Believe and Achieve! - Joe
Hi Joe, guess I've got to find a better realtor. Mine couldn't get commercial comps. I just found a site..loopnet.com that seems to give a basic comp. Ever heard of it?
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Some of the best comps could come from your realtor. Ask them to run comps for similar buildings that have sold in your area in the past 6 months to 1 year. Usually appraisers may not use recent sales as comps older than 1 year or less depending on the area. Also, you local county assessor may have records for recent sales of these properties. A trip to the county court house or a visit on-line could yield some helpful insight and information. Good luck with real estate investing. Believe and Achieve!
- Joe
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Hi Joe, guess I've got to find a better realtor. Mine couldn't get commercial comps. I just found a site..loopnet.com that seems to give a basic comp. Ever heard of it?
Jan