There’s enough data online for you to be conclude what your subject property is worth.
One thing is for sure, you have to have comparable sales data to determine ARV [Click here for an entire dictionary of real estate acronyms [<— link this to the Acronym blog post] and if you don’t want to invest your time and money into getting a real estate license, then you have to do the research to come up with a dependable number. You may have to use all 3 sites to pull data from.
When I’m teach people how to determine ARV without the MLS, I have them first find the MOST comparable sales. This is the most time-consuming part. Afterward, they enter the data into a spreadsheet. Once entered it will calculate the average price per square foot and then multiply that by our subject property to determine the estimated value.
Remember, finding ARV is an art, not a science. The art is in selecting the right real estate comps to use in your valuation. Choosing the wrong one can certainly throw everything off and start a domino effect of wasted time.
Read this : For more information about how to find the value of a property without the MLS ( using the HomeSnap APP)
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