actually work for and against you if the homeowner seized it and they think the property value say , and it’s really worth a hundred thousand and that’s what Zillow said it was twenty you know that may actually help you in making an offer but it can also work completely against you as well so these systems right here I see it all the time real estate
investors they they don’t know how to get access to the MLS they they don’t know all this and so they just try to take shortcuts and they’ll use Zillow Trulia they may even compare like three or four different online free systems to see what the property value is they may even throw in the tax appraisal it’s real and they’ll all average them together bad idea because all of these systems are all using the same bad data and they’re also using the same bad circle radius comps in some cases and so they’re all giving you numbers that are all bad really and that’s the best way to describe it say what you want to do differently how you want to determine
property values is this you want Property Valuers blue mountains to get access to the MLS by the way I have an entire blog on how to get access to the MLS for investors you can search that in youtube or go to my website check it out I’m and then you want to use these comps and in conjunction with what you learned in the county records again that won’t help you necessary with value but it’ll help you know like who the owner is and what liens they have against a property and then what you’ll do is you’re just like you would do if you were buying an iPhone if you’re buying bread the grocery
store get the most comparable properties picture you were going to buy that property and start to look at the comparables how do they compare with the subject property that you’re that you want know the value of you know if it’s a $, was one of the comparables why was that one and the other one was what what made it different did this one have more square footage this will have an extra bedroom and you don’t have to be scientific about it you don’t have to you know do a detailed price per square foot because guess what buyers aren’t doing that values are really determined