 Posted 10/11/2007 5:43:09 PM
|
|
|
|
| Something to think about with getting comps. First of all you can ask a realtor to run comps for you, and most will do it. They will get on the MLS, and run a concentric circle search of houses located within close proximity and give you some pretty rough comps, that may or may not help you, depending on whether or not you are living in track housing with less than 4 basic home designs all built the same year. Realtors will do this because it takes almost no effort and it starts a dialog that they will use to eventually list your house, which over 70% of the time actually happens. I know alot of for sale by owners don't want to deal with realtors, and thats fair enough. Not everyone needs a realtor, so the way around having to talk to one is to go to the title company. In reality this is the best place to get your comps. The title company will give you comps of everything sold in the area. A realtor will give comps of everything that was sold in your area if it was listed on the MLS. A title company will actually give you a full property profile that in most cases will also include a report on market conditions. Comps are great, but without knowing the absorption rate, it is like having a flashlight without batteries. You will read over and over again about the agent who couldn't sell a house at the price they recommended. Three years ago you would have heard about the agent who underpriced someones house. Its because they didn't factor in the absorption rate. If comps were the only factor in pricing, prices would never change, because nothing would sell for more or less than the comps. The absorption rates matter, and that is something that most agents are only going to discuss with you during a listing presentation, and thats only if they have taken the class on it. Title companies will include all of that for free in their property profiles. The title companies just hope that your business will come their way. Unlike realtors, they know you will be using a title company.
|
|
|
Posted 10/21/2007 7:31:53 PM
|
|
|
|
| I have had to tell every Realtor how to find the sales prices for this develipment. The builder is sitll in here but they don't put most of them in MLS. They come in giving me the price from when we bought it amlost 3 years ago. Evidently they don't preview the neighborhood, and they don't go to the sales office to find out what's been sold lately. I went over to talk to the builder's agents and get the prices. She said you are doing the Realtor's job. I said yeah but they are coming up with 2004 prices. I have told them we can't list with them but if they have buyers we'll be glad to work with them. The only calls I've gotten from my 9 mos of being on this site and other sites are from Realtors. but not with buyers, they just want the listing. cindy
|
|
|
|