My Agent Works Too Hard!

Greg, give him/her more CMA's to do. With more practice his/her speed will pick up.
Joseph

Now mine took about 10-15, but they do have other things they work on. I say 30 mins is very reasonable.

I appreciate the feedback. What's the ideal number of comparables per property to get the most accurate reading?

Thank you,

Greg

Three good comps are sufficient to show ARV, Greg.

It should not be that difficult to pull 3-5 comps for a single target property.
Could it be there aren't any recent SOLD comps? That would be a red flag.

Real estate agents pay quarterly fees to have access to their software.
A lot of their correspondence can be automated.
It shouldn't take but a few clicks on the keyboard from my understanding.
Your agent may be inexperienced and needs guidance from their broker.
It could be a time management issue.
Or you could work with more than one agent.

That said, there are plenty of places/tools to call up your own comps. Some are free sources, others are bought for a monthly subscription. REIC memberships allow access to their comps program of choice, as well. Some programs offer a comprehensive update when you subtract or add a particular sold prop...

FindCompsNowdotcom
Rehabvaluatordotcom
Truliadotcom
PropertySharkdotcom
Investway
RealQuest
RealtyTrack
PropTrends

Thanks Kat! My agent's of the belief that I need a minimum of 10 and often gets me twice that amount or more. My understanding is that's what the property assessor suggested. His searches are in a mile to mile and a half radius.

Should the sold comps be for the past 90 days?

Thanks,

Greg

Yes, Greg you want the MOST recent sold comps...60-90 days is optimum.
Pick the best 3 of the bunch, 1 low, 1 median, 1 high to contrive an average for ARV.

Sometimes depending upon the area, you may have to make incremental adjustments.
For example, 3 mos., 6 mos. 9 mos., but no further back than 12 mos.! The square footage comparisons sh/be +/- 100 to 200 sf maximum...the same beds & baths, etc. You want to hone in on comparing apples to apples, like with like.
The further out a property is from civilization (ie. FM or CR addresses), the more challenging it will be to get comps.
In this case, you'll have to expand your [distance] search for equivalent comparisons.

PS. I like threes...3 comps, 3 estimates, 3 agents, 3 remodelers, 3 title companies...
3 strikes, you're out LOL

PS. www.point2homesdotcom is another place to run comps