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how do I find a list of comprable homes that have sold in my zip code area?

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May 26 2011 - US
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Contact a listing agent in your area...
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May 26 2011
Call a Zillow agent in your zipcode.  A Realtor Agent that is professional will be happy to assist you and keep in touch.  Ask them to send you the latest lisitngs too!  If you need a referral you can give me a call and I will set you up, as well, in your local area.
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May 26 2011
Hi SabaJoe,

Using Zillow and other real estate websites is a good way to start to generate comparable sales on a subject property. 
For example, Zillow lists recently sold properties that are similar to a subject property.
BUT, be aware that it will show all sales, and will not take out homes that are in a different condition or have more/less upgrades than the property you are comparing to.

ALSO NOTE that the "recently sold" list on Zillow might contain some properties that were sold not-so-recently. To establish comparable value, you need to look at similar homes that were sold within the last few months. With our volatile market you should look back 3 months. You can go back 6 months if needed to generate more data, but take these older sales with a grain of salt. 
Market value means what a property will sell for at a given time. Comparing to sales that took place a year ago, or even 9 months ago, does not accurately reflect what the home is worth now.

I agree with the other realtors here that the easiest way to get accurate comparables is through the resources that realtors themselves use. Realtors have access to resources that enable them to precisely select closed properties in a given neighborhood. Realtors can hand-select closed listings that have features and characteristics that are most similar to the subject property.

I encourage buyers to pull their own "comparables" by using Zillow and similar sites, AND THEN compare the closed homes to what a realtor pulls up. Then ask your realtor to explain why he/she picked the homes that were selected in his/her comparable market analysis.

In sum, it will be the most recently sold homes with the most similar features and condition that will reflect the most accurate picture of a subject property's current market value.
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May 26 2011
Profile picture for sunnyview
"...local Realtor who is full-time in the business."

I have said this before. I think that it is unprofessional to slam another agent based solely on how many hours they work. If choosing a good agent was as easy as finding one that was just full time, there would be a lot fewer questionable agents in the business.

Clients need to focus on an agent's market knowledge, honesty, background, commitment to client instead of the number of hours they work.
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May 26 2011
No computer algorithm can match the experience and the knowledge of a local Realtor who is full-time in the business.
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May 26 2011
Profile picture for Dunes....
Solicited Reviews/Endorsements at Zillow & Agent Referrals...
There's a couple of valuable things for a Consumers to use...NOT!


Agents will kindly "Offer" to help you find another Agent...This is because Many of them if not all pay each other for  "Referrals "

"Referral Fees from One Brokerage to Another and Agent Split"


"Referrals come "off the top" before commission is split. The referral is a negotiated percentage paid to another company for sending a client, either as a seller or a buyer. Here's an example of a typical buyer referral:

1. Brokerage A has a client selling their home and leaving the area. They refer the buyer client to Brokerage B in another state with a written referral agreement at a certain percentage of the final commission earned by Brokerage B.

2. Using the $12,000 gross commission from above, and an agreed referral fee of 25% would give Brokerage A $3000 for the referral, and Brokerage B's agent and broker would split the remaining $9000.

3. Using the 50/50 split from the first example would yield $4500 for the agent in Brokerage B."..Link

Might wish to consider that when they are telling you they don't discount Commissions..they can pay 25+% for referrals but Discount the Commission to You????
How dare you ask!

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May 26 2011
Thanks for your question SabaJoe.

Contacting a local Realtor is the best as they can pull exact comps.  You can find a good one through Zillow and read that Realtor's client's reviews of them.  If you would need a quality referral, just let me know.

Good luck, hope this helps.
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May 26 2011
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May 26 2011
SabaJoe,

There is only one place to find accurate, detailed, real estate local data, a local Realtor.  Every other source will provide outdated, unfiltered, or inaccurate information and this will compromise any judgements or decisions made.  Always go to the most qualified source for real estate, a local Realtor. And I said "local" because it is important.  Good Luck!

Shawn
[Edited by Zillow moderator to remove website link as per Good Neighbor policy]
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May 26 2011
 
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