Posted by Fran CA on February 23, 2001 at 22:16:00:
First thing, don’t look at the Tax Assessors number for comps. They, depending on the area you live, can be very low. In California, they have a law in place that states once you purchase the home the assessors value never changes. Taxes may change, but the amount you are actually taxed on doesn’t. So don’t even bother looking for comps there.
My best suggestion for comps is http://www.titleadvantage.com/. I have been using them to run the comps on the properties I am talking to people about. Also, this article is very informative about how to figure what the comps are in the area of the home you are looking to acquire. It is http://www.real-estate-online.com/art-132.html. I have found that by doing my comparisons that way it really takes the guess work out of it. The numbers are right in line for the sales in that area.
Sorry I can’t help you on any other questions. I am still very new to this, but I am getting more confident with each passing day.