Planning a home sale in Houston, Texas, or just want to know how much your house is worth in the current market? If so, you might be wondering how to find comps in your area. Comps, or “comparable sales,” refers to recently sold homes in your area that are similar to yours. 

Comps are a valuable tool for assessing your property’s value and figuring out how to price it on the market. In this post, our team at Your Home Sold Guaranteed Realty - Chris Schmidt Team will explore five ways to find comps in your area and how to use this information, whether you want to sell, refinance, or understand your finances.

Key Takeaways:

• The best way to find comps in your area is to work with an experienced Houston realtor who’s deeply familiar with your neighborhood and has access to the MLS.
• Realtors also have access to professional networks and unique market insights built up from years in the business. They’re also familiar with broader market conditions and factors within each neighborhood that impact property values.
• Attending open houses and touring comparable properties in your neighborhood can provide firsthand insight into local market trends and property values. 

How Do You Find Comps in Your Area?

The best way to find comps in your area is to work with an experienced Houston realtor who’s deeply familiar with your neighborhood. A realtor is the best choice because they have access to the Multiple Listing Service (MLS), which is the best tool to find comps. 

Realtors typically use the MLS to perform a comparative market analysis, where they analyze the prices of recently sold homes, currently listed properties, and current market conditions. 

The MLS is a realtor-exclusive database that’s updated with the latest homes for sale in a particular region. Without a realtor, you won’t have access to the up-to-date market information in the MLS, which will make it harder to know exactly how much your home is worth in the current market.

In addition, realtors also have access to professional networks and unique market insights built up from years in the business. They’re familiar with broader market conditions and factors within each neighborhood that impact property values, such as location, school districts, crime rates, and amenities.

This in-depth neighborhood knowledge makes it easy for them to analyze comps, determine how much your home is worth, and offer personalized guidance on pricing strategies and negotiation tactics if you decide to sell.

Other Ways to Find Comps in Your Area

Check Online Real Estate Websites

You can gather some information on comps from real estate websites like Zillow, Redfin, and Realtor.com. These sites have information on recent sales data and make it easy to filter results based on certain criteria. By inputting specific search parameters, you can find homes similar to yours based on location and property type, so you can get a more accurate picture of your home’s value. Additionally, property listings on real estate websites often include sales history, so you can get a more in-depth understanding of how properties’ values have changed over time.

View Properties In Person

Attending open houses and touring comparable properties in your neighborhood can provide firsthand insight into local market trends and property values. Take note of the condition, size, layout, and amenities of the homes you visit, as well as their list prices and recent sales prices. Observing how similar properties are priced and presented can help you gauge the value of your own home and decide how to price it when it comes time to list.

Check Public Records

Another way to find information on comps is to check public records, such as local county assessor’s records or public property tax records. These records can give you insight into sales prices, sales dates, and property characteristics. They’re available either online or through local government offices.

Work with an Expert to Find Comps in Houston Easily

Finding comps in your area is a critical step in assessing your home’s value and preparing for the selling process. Avoid the hassle of researching on your own and work with an expert like Chris Schmidt and our team at Your Home Sold Guaranteed Realty - Chris Schmidt Team.

Our realtors have years of experience working in the Houston metropolitan area. Our familiarity with the local market trends, as well as our legendary customer service, are why we’ve developed a reputation as the best realtor in Houston. 

We can easily help you find the value of your home, and if you decide you want to sell it, our unique Guaranteed Sale Program protects your interests and ensures a risk-free sale.

To get started with a home valuation with our team, give us a call at 713-322-5604. You can also fill out the form on this page or send a message to [javascript protected email address].

To Discuss Your Home Sale or Purchase, Call or Text Today and Start Packing!