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:
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
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!