Re: transaction amounts - Posted by Ronald * Starr(in No CA)
Posted by Ronald * Starr(in No CA) on April 02, 2002 at 15:48:39:
There has been lots of discussion on comping properties on this main bulletinboard of the CREONLINE.COM website. You probably would do well to do a search through the archive.
If you look at a hunderd homes for sale and then follow up to find their sales prices, you will probably know the market very well. Maybe, if your territory is a couple of counties, you will have to look at more than 100, so you have an idea of the distinctions in values in different locations. I got this suggestion from Bill Green’s Book " Think Like a Tycoon." You can also access listed properties for sale on the internet at www.realtor.com. This is a very handy source for finding values in an area, especially if you follow it over time and find out what the sold prices for the properties were. You might print off the listing and then later follow up with the sales or buyer’s agent, the buyer, the seller, the county recorder’s office, or the assessor’s office.
There may be commercial companies supplying information about assessment rolls in your area. The two biggers are FARES–first american real estate solutions–and DataQuick, now known by some name like axcion or accion or axxion or something like that. Check the toll-free directory assisance. I think the DataQuick name still shows up on it. While these cost some money, they can give you excellent information, allowing you to be far more successful than people who don’t use them. There may be some local companies you can find that do this too. I have found local companies in OKC, OK and Boise, ID, in the past.
Good InvestingRon Starr****