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Rainmaker
1,261,933
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Distance, gla, age, size of lot, and schools.

City: 1/2 mile or less

surburban-1 mile max

rural- < 3miles

size- must be +/-10 to 15%

age- should be close to 10 years or so

lot size-+/- 20% 

School quality should be equivalent

 

You must be new. The last few years my # is very much gospel.  No lenders have disagreed with me for a long time.   As for sellers I will not budge on the price much.  When they are unreasonable I do not represent them...

Sep 24, 2015 05:22 PM
Rainer
274,109
Curtis Evans
Cabin Realty LLC/ USA, Licensed in Louisiana - Golden Meadow, LA

Do not be afraid, comps don't lie. If you have trouble finding good comps for the subject, expand your search and inform your client of such.

Sep 25, 2015 01:34 AM
Rainmaker
1,619,361
Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, ePRO
Big Block Realty 858.232.8722 - La Jolla, CA
Serving Coastal San Diego, Veteran's & Seniors

I research comps daily for my buyers, so its routine, nervous no.  The more you do them the less nervous you'll become. I'd meet with an appraiser and learn what they do. My comps became so much more accurate after I befriended one of our local appraisers (back when we could still order appraisals). 

If you're not nervous about reaching out to me privately next week, I'd be happy to help you as I imagine the principle of comps is the same in all 50.

I'm away this weekend and today, but feel free to contact me next week.

Sep 25, 2015 12:39 AM
Rainmaker
1,677,946
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

I don't get nervous more aggravated when I can't find much to work with during a CMA.  

Sep 24, 2015 11:29 PM
Rainmaker
5,114,065
Richard Weeks
Dallas, TX
REALTOR®, Broker

Proximity of subject to comparable

Square footage

Bed rooms

Full baths

Half baths

Total rooms

Year built

Pool

 

Other amenities

Sep 24, 2015 10:35 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Nervous?

Not at all. 

Keep in mind, the buyer and seller have also done their research. They know the wrong numbers. Sillow. The know the low number - Tax. The know what the neighbors house sold for which is always a lesser house. 

The listing agent has done their research using methods described by others.

The issue is not coming up with the numbers, it is knowing what the client is thinking and validating their conclusion then skillfully getting them back to reality.

Remember, you are simply presenting another set of number following or to be followed by other agents. That should suggest behind success lies another dimension.

Sep 24, 2015 10:15 PM
Rainmaker
3,416,372
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I complete 2-4 bpos a day so pulling comps are 2nd nature. My criteria on average is homes within 20% in size, 20 years in age and 1 t o 3 then 5 miles in distance. Always searching the same neighborhood first. then adjusting for difference.

Sep 24, 2015 10:04 PM
Rainmaker
791,356
The Woodland Team of Texas
The Woodland Companies - Austin, TX
Land Specialists

RPR can help you with this.

Mar 04, 2019 09:02 PM
Ambassador
6,685,588
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Nothing to be nervous about, though sometimes they are hard to find.

Sep 15, 2018 07:19 PM
Rainer
14,068
Lisa Brown
Realty Associates - League City, TX

Thank you,  great answers, you guys are so helpful. 

Oct 02, 2015 01:59 PM
Rainer
231,279
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

why are you nervous? are you unfamilar with the area?

Sep 27, 2015 05:18 AM