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How do I know what a property is worth? (Starter)

Detailed tutorial on how to comp deals on a Starter Subscription

Step 1 - Open Menu and Go to Data Platform Map 🗺️


Step 2 - Search Your Property in the Search Bar 🔍

Use the search bar at the top of your screen to search by address, GPS coordinates, owner name, or parcel number.

In this example, we searched using the parcel number.


Step 3 - Open Data Layers and Turn on MLS Comps 🏷️

Click Data Layers at the bottom right of your screen. When the layers appear, turn on MLS Comps.

Example: The property we are analyzing is 27 acres. To find enough comparable properties, we looked at 19–32 acre comps sold within the last 2 years.


Step 4 - Start Analyzing Your Comps 📊

Zoom out from your property to view surrounding listings.

Listings are color-coded and display acreage and price per acre (ppa):

  • Blue → Currently listed for sale

  • Pink → Under contract

  • Green → Sold


Step 5 - Open Comps and View Listings 📄

Click any comp to view more details and open the full listing with View Parcel.

Viewing listings is important because you can examine:

  • Property images

  • Listing descriptions

  • Sold timelines

By reading descriptions and looking at images, you can determine whether a listing is truly comparable to the property you’re evaluating.


Step 6 - Decide on Property Value 💰

In this example:

  • Under contract: 2 properties at $7.03k ppa and $8.45k ppa

  • Sold comps: 3 properties ranging from $7.85k ppa to $8.87k ppa

Active listings are higher than under contract and sold listings. Therefore, we can estimate the market value using the under contract and sold comps.

Calculation:

  • 27-acre property valued at ~$7,800 ppa

  • Total estimated value = $210,600

To maintain profitability, we decide on an acquisition price. In this example, we chose 60% of the estimated value, which is $126,360.

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