Real estate agents can perform a sophisticated comparative market analysis to identify comps very precisely. But you can also find general comps yourself by looking online for recent sales in your neighborhood, finding the homes most similar to yours, and checking prices to see how much they sold for.
The local MLS is usually the best source of comparable home sales, because the information tends to be the most accurate. Zillow's agent directory can help you find an experienced real estate agent who is well-versed in navigating the MLS and finding appropriate comps for your property.
Residential property is property zoned specifically for living or dwelling for individuals or households; it may include standalone single-family dwellings to large, multi-unit apartment buildings.
Residential properties are assessed as of January 1st of the current year, using three to five years of prior sales information. By using multiple sale years, this increases the stability of market value estimates. The Cook County Assessor's Office uses mass appraisal to produce property values.
Traditional Methods for Tracking Down Land Comps Networking with Peers. Online Listings and Auctions. Public Records and MLS Systems. A Curated Sales Database. Efficiency and Accuracy. Stand Out with Accurate Market Analyses. Build Trust and Establish Expertise. Enhance Negotiation and Closing.
Here are five easy ways to get those real estate comps. Use a reputable real estate website to find local comps. Use an online home valuation tool. Ask your real estate agent to procure MLS comps. Research public property records. Request a comparative market analysis (CMA)
How to obtain your Legal Description from Cook County Enter your property's PIN at the top of the page and click search. ( ... On the left side of the screen you will see a list of the different documents and their dates. Now click “View Images” circled in red.
Cook County uses a different system that assigns assessment levels to different classes of property. Assessment levels range from 10 percent of market value for residential property to 25 percent of market value for commercial property.
Residential real estate: Any property used for residential purposes. Examples include single-family homes, condos, cooperatives, duplexes, townhouses, and multifamily residences.