Today I am reaching out to you from our brand-new model home in Truckee, California to talk about creating comps for new properties. Sometimes you represent a client who doesn’t have a ton of information on their new home because it was only built recently. How do you create a reliable comp in this situation? A lot of new-builders don’t go through the MLS to avoid the risk of an underpriced home hurting their future comps, so today I’ll let you know how to gather data on a property without going through the MLS.
You can watch the full explanation in the video above or skip to each topic using the timestamps provided:
0:01—Introduction
1:16—Remember that new-build prices are usually six or eight months old
1:35—Every builder has different premiums
1:46—Build a relationship with the person in the sales center
2:10—How to find data on new-build homes
3:34—How to use this data to help your clients
5:24—Wrapping up
Hopefully, you found today’s topic helpful. If you have any questions, please feel free to call or email me. I’m always willing to help!
