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David Gibbons

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I am negotiating a Purchase and Sale Agreement. How do I search recent comps to leverage the market

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Chris Spofford, "spoffordchris"

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I am a commercial agent, representing myself.
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October 20 - Lawton Park
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Peter Andres

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Check the homes sold in the neighborhood and the sold prices. Also check the days on the market for the current available homes and the sold homes. Make sure you are comparing like homes.
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October 28
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NWHome.us

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You can't search the NWMLS, because you don't belong, right?  There are a number of CBA members who find that being able to list commercial properties on the NWMLS makes membership pay for itself.  There are a number of commercial listings there.
I think that a lot of us who represent residential buyers tend to do a lot of touring of listings in the neighborhood.  There are some strong arguments in having seen the properties.
Maybe start with your residential appraiser, who will be a NWMLS member.  You may not need to borrow, but if a property doesn't appraise for the listing price the seller needs to know that.
Most of the large company sites, and Zillow, include sold listings; the margin of error on their comps is something like 50% which isn't a very convincing argument.  Look at the listing phots though for more information on the property condition. 
 
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October 28
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Tonya Brobeck, "Tonya Brobeck"

Bothell, WA

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Can't you pull recently sold comps out of the MLS?
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October 21
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Jon White, "JonnyOrlando"

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Chris, you need not go it alone.

You can get the help of a local REALTOR who specializes with Buyers (a Buyers' Agent). As you hold a real estate license, you can certainly request a split on the commission they will receive for helping you with the negotiations, contract and closing. And, it is very legal.

In this market, many GOOD agents are willing to take this business opportunity rather than have you work alone on it. You get to learn a bit on the residential side of the business, get some of the commissions, and help another professional by letting them do their job for you and get paid for it by the seller. Everyone wins.
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October 21
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Spencer Rascoff, "spencer"

Seattle, WA

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Video here.
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October 21
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Lauren Cassill, "laurencassill"

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www.cbbain.com displays sold properties.  You can zoom in on the neighborhood you are interested in.  Just check the "view sold properties" and they will show up on the map.  If you scroll over the icon you will get the basic characteristics of the sold property. 
A real estate agent would also be able to pull comparable sales for you with the corresponding statistics. 

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October 21
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Dave Skow, "daveskow"

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Zillow  should have some sales data on recents sales in neighborhood you are looking at

other ideas to get  recent sales data  include .....asking title firm...asking appraiser firm...asking  a loan officer  for this data  ( most of this data is realtively easy to provide  at no , or low , cost )
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October 20
 

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Question I am negotiating a Purchase and Sale Agreement. How do I search recent comps to leverage the market
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  • October 28
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