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SALES COMPARABLES OR COMPS
sales comparables report
Sales comparables, or comps, are regarded as the single best tool in determining a home's value. They compare criteria from recently sold properties in a neighborhood, such as sale price, age of the home, size, and square footage. Real estate agents traditionally use comps to prepare a comparative market analysis to price a home for their clients.
In addition to traditional sales comparables, SearchQ™ also features an Automated Value Model (AVM) that gives you an instant estimated market value of the subject property.
SELECTING THE BEST COMPARABLES
Location: pick the homes that have similar location features as your subject property (cul-de-sac, corner lot, view, top or hill side...)
Recent Sales: comparing recently sold homes from the previous 3-4 months is ideal; however, looking back as far as 6-8 months may be necessary.
Apples to apples: choose homes that are as similar to yours as possible in terms of style, construction, age, square footage, number of bedrooms and bathrooms, total room count, move-in condition, lot size, etc...
Amenities: curb appeal, school district ratings, nearby recreational facilities, shopping, traffic conditions etc...
SALES COMPARABLES MAP (sample)
sales comparables map and data
NATIONAL HOUSING INDICATORS
Homeownership Rate
Release Jan 31, 2017
New Residential Sales
Release Jan 26, 2017
536,000
-10.4%
Rental Vacancy Rate
Release Jan 31, 2017
Homeowner Vacancy Rate
Release Jan 31, 2017
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INVESTMENT & VALUE ANALYSIS
PRICE SUITABLE COMPONENT
Check the current value of the property by analyzing foreclosure rates, default exposure, and market price of the local real estate market. Read more >
MARKET CONDITION COMPONENT
Learn more about local real estate market condition by analyzing sale price, home sale inventory level, distress sale and price index. Read more >
LIVING QUALITY COMPONENT
Get an overall quality of living score for the neighborhood that is based on school rating, crime index, and rental occupancy rate. Read more >
GROWTH & INCOME ANALYSIS
Investment data analysis of a property featuring home future value, rental income, resale value, target price and market trend. Read more >
RENTAL COMPARABLE SUMMARY
Featuring an estimated market rent and a list of the recent rented homes in the area. The rental price, property address and number of bath(s)/bed(s) are also reported.
Read more >