Chapter 2: MLS Basics
« Lesson 4: Pulling Comps »
Here’s how Amy does it:
- Send Amy comps for 10302 108th ave N, Maple Grove MN. It’s a 4 bed/3 bath with 2 stall garage. Assume it is fully updated.
- Send Amy comps for 2202 Tamarin Trail, Golden Valley. It’s a 2 bed/2 bath with 2 stall garage. Assume it is fully updated.
- Send Amy comps for YOUR house.
- Practice After Repaired Value (ARV). Find a crappy house that is listed. Figure out what the right price for it is as it sits. THEN, Assume it is fully updated, new kitchen, bathrooms, flooring and fresh paint. Figure out what it’s ARV is. Email Amy both with your explanation.
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Properties are provided courtesy of the Regional MLS of Minnesota, Inc., Broker Reciprocity Database.
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