[lvoc]

Originally Posted by Willy702

I think the issue you run into occasionally is they show a price where a home got foreclosed and the price is basically the bank's balance. Also occasionally a family transaction will show up at a greatly reduced price. Neither of these should be used by an appraiser obviously, but one realtor did say these are the only issues he sees with reviewing prices of comparable sales on Redfin.

There are others. Multiple parcels for instance. Which may or may not be real. You also want to know shorts and foreclosed and there are some other screw balls. The primary though are trust sales which are pretty much random numbers. When you pick a set of comps to use you need to vet them carefully. Particularly when the pickins are slim.

[Reno Joe]

It is hard to figure out what anything is worth here. That is why we rent.

[Reno Joe]

It is hard to find anything here or even determine its value. I looked at condos for a few months and it is just nutty crazy. You find 2 condos in the same community of the same size and one sold for $138,000 and the other is on the market for $220,000! You don't know what is worth what. Then, if you do luck out and fine something you think might be close to the real value and offer the selling price, within an hour a Canadian will show up with $100,000 more and pay all cash. Finally said forget it. Cheaper and less stressful to rent.

[jjameson922]

Go to the horses' mouth: type in Clark County Assessors website. When it comes up, click on property information. When that opens, type in address as it is asked. You will get all the absolutely correct info you need; a copy of the closing information, tax basis, diagram of the home, Google map. Keep in mind, you would have to understand the background of real estate prices here during at least the last 10 years in order to be able to do much with the info you derived. Also with this information, you can click on the Google map on the neighbors homes and do your own comps if their square footage is the same.

[lvoc]

Mostly valuation is easy. You look at what they sell for not what is asked.

You have to allow for the fact that we are in a fast appreciating market. But it is still relatively easy until you get into unique models.

Now getting the other side to sell for what it is worth may be hard...but that is almost always true.

[airics]

Originally Posted by Reno Joe

Finally said forget it. Cheaper and less stressful to rent.

That's why my tenants are paying for my homes..... they just keep throwing money away!

[logline]

Originally Posted by Reno Joe

It is hard to find anything here or even determine its value. I looked at condos for a few months and it is just nutty crazy. You find 2 condos in the same community of the same size and one sold for $138,000 and the other is on the market for $220,000! You don't know what is worth what. Then, if you do luck out and fine something you think might be close to the real value and offer the selling price, within an hour a Canadian will show up with $100,000 more and pay all cash. Finally said forget it. Cheaper and less stressful to rent.

Seriously? I don't get it. You see the one that sold for $138k and offer that to the idiot who overpriced his at $220k. How is that so hard?

[007 license to sell]

Originally Posted by Marioni888

Is there any way to find out actual sold price of one home without using agent?

My daughter finally got accepted offer - 200.000 $ for house.
Redfin and Zillow shows similar houses in surrounding area sold recently for 150-170.000$.
That's a lot of difference!
We don't want to overpay our house.Still waiting for appraisal.....

My friends are telling me you are crazy to pay that amount of money (they are thinking houses are still selling for 130-160.000$ in summerlin area!). They get info from redfin and similar websites....

But our agent told us to not look at listing/sold prices on Zillow and redfin because they are not real. He said our house will appraise.
is he right?

The tax records show what houses actually sold for. However sometimes owners will have the price they paid held from the tax records.

A buyer should do comps on any property first before making an offer.

[Reno Joe]

Originally Posted by airics

That's why my tenants are paying for my homes..... they just keep throwing money away!

Won't rent forever. Will buy if we stay eventually when things settle down. If not, will rent until we go back to Sun Valley or Sparks.

[Reno Joe]

Originally Posted by logline

Seriously? I don't get it. You see the one that sold for $138k and offer that to the idiot who overpriced his at $220k. How is that so hard?

I don't know if one is underpriced or one is overpriced. Seems that the Canadians are snapping up everything on the market for asking price. But on the other hand, some condos are sitting empty. Until I know what is worth what, I am not risking my future and then having the Canadians dump thousands of condo units on the market and I wake up one day and find it is worth 50% of what I paid for it.