Discover the power of PropStream using our advanced Comparables and Nearby Listings feature. Whether you're an investor, agent, or simply evaluating a property, our comprehensive tools, powered by both public records and MLS sales data, allow you to uncover highly accurate home values in a few clicks.
Find out how much a subject property is worth using PropStream’s easy-to-use database and detailed reports. You can focus on specific neighborhoods and properties that match your needs and choose between public record data, MLS data, or a combination of both for the most accurate property valuation. Make smarter decisions and gain a competitive edge in the real estate market with our comprehensive real estate comparables tool!
Say goodbye to complexity! Our user-friendly interface makes accessing MLS and Public Record comps in your area a breeze. Just click on the "Comparables & Nearby Listings" tab on the Property Details Page, and you'll have valuable data right at your fingertips. Simplify your property research and decision-making process without sacrificing accuracy.
Our default criteria are set to find properties sold within the last year, within a half-mile radius, and with similar square footage (plus or minus 20%). However, you have the freedom to fine-tune these filters to match the unique requirements of your subject property perfectly. Refine your search for pinpoint accuracy, and utilize the draw tool for location-specific comps. Gain a comprehensive understanding of average sale prices, price per square foot, and days on the market using data.
With our user-friendly platform, managing your home comps has never been easier. After creating your customized home comps, simply save your real estate comparables for future reference and editing. This convenient feature ensures that you can access and refine your home comps whenever you need them, saving you time and streamlining your real estate research process.
Combine the powerful insights from PropStream’s real estate comps with the market trends and other reports available to learn about your subject property and the market where it’s located. By considering both the unique characteristics of your property and the broader market trends, you'll gain valuable insights for informed decision-making in the real estate market.
Explore the fast-moving world of property sales with our easy-to-use "Flip Comps" tool! It’s a unique part of our platform that helps you see houses that were bought and sold quickly (within 24 months). This feature is perfect for understanding standard house flipping profits in specific areas. Get a clear view of which properties are getting the best returns, and use this knowledge to make smarter buying and selling decisions.
Watch our webinar recording of The 5 Steps to Successful C.O.M.P.S. With record-high interest rates and inflated home prices, knowing how to run accurate comparables in 2023 as a real estate pro is crucial. It's time to learn with PropStream!
Real estate comps, short for comparables, are recently sold properties that are similar to a property you are looking to buy or sell in terms of location, size, condition, and features. They are used as a benchmark to help determine the current market value of a property. By analyzing the sale prices of comps, you can make an informed decision about the listing price or offer price of a property.
Comps are necessary because they give you a realistic idea of a property’s value in the current market. Comps help ensure that the buyer is paying a fair price and the seller is listing the property at a competitive yet profitable price. They also are crucial in the appraisal process, helping to avoid under or overvaluing properties, and are instrumental for investors to analyze the viability of their real estate investment.
Here’s a simplified guide on how to use our home comps tool:
Homeowners, real estate agents, and buyers benefit from accurate real estate comps. Homeowners can set realistic selling prices, agents can guide clients effectively, and buyers can make informed purchase offers.
The data for real estate comps typically comes from two main sources: public records and Multiple Listing Service (MLS). Public records provide information on property sales, including sale price, from government databases. MLS data offers detailed insights on listed properties, including current market listings and recently sold properties. In nondisclosure states, MLS data becomes particularly valuable for accurate comps.
PropStream allows you to do more, without having multiple systems. With PropStream, you have access to more features, accurate data, and analytics than any other solution. Try it for yourself free for 7 days and discover the not-so-secret everyone has been talking about.