To find comparables in your area, an average person can do the following:
- Research online: Websites such as Zillow, Redfin, and Realtor.com provide home values and information on recently sold properties in a specific area.
- Check public records: Property records are available online or at local government offices and can provide information on sales prices, property size, and other details about recently sold homes in the area.
- Ask a real estate agent: A real estate agent can provide information on recently sold properties and help interpret the data.
- Drive around the neighborhood: Observing properties in the area can give you a sense of the types of homes and their condition.
- Consider the local market conditions: Take into account factors such as the current real estate market trends, demand for housing, and the local economy when evaluating comparables.
Note: It’s important to choose comparable properties that are similar to the subject property in terms of size, location, age, and features, as these factors can greatly impact the value of a property.