So yes, any Texas properties can have a CMA done. Yes, you can also refer this to an agent that is more familiar with the Port Arthur area. Yes, you can use other resources to access more information about that particular area or property.
Yes, you can! A few people have cited RPR (its a website and an app, you can find it through the Texas REALTORS website) and that's what I would use. That being said, I would only do it if I was familiar with the area, otherwise it will be difficult to pull true comps and make appropriate adjustments for an accurate CMA. RPR can pull up tax information and that will guide you for the rest. Best of luck!
Yes, a Houston realtor can run a comp for a property in Port Arthur, Tx and find out its water source. A Houston realtor is licensed to do real estate anywhere in Texas as long as they feel they are competent enough to do it. If you need help with anything you can send me an email to lisa@htxhometeam.com Thank you
I’ve only been in real estate a year, but I know that if you are licensed in Texas, you can sell anywhere in Texas. The caveat - is you/your Broker are affiliated with that region’s MLS system? For instance, I belong to NTREIS here in the DFW area, but am also a member of the Houston area MLS. So, my listings in the Houston area will show up on that local system. Very important for your sellers!… that their property be marketed locally. Regarding comps: Via RPR you can create excellent comps on any Texas property.
I don’t have an answer for your water source question. But I will research that now and try to get back with you soon.
First, you need to look to see how many Port Arthur properties are on (HAR) MLS and if they are relevant to the property you are looking to comp. In order to do comps for any property, you need to be a user to the listing platform of the area, in order to see the comps of Agents who also subscribe and use the same platform. In other words, if Agents are using HAR to list properties in MLS for Port Arthur then you can use those properties if they are related to the property you want to comp. If properties are not listing there, you will need to do your own research. Look up properties in the appropriate county and their appraised values. You will need to now the differential between appraised values and approximate market values. It will take sometime and research but because property is real, there is a value for all properties. The key is to study values in that area, know that area well, before you determine a price for your clients. Also, it is best to really know the area you are selling in and if you do not feel confident listing in an unknown area, you should refer it to someone who is an expert in that area. Best advice ----- these are my opinions and advice based on years of experience and knowledge in markets, real estate, economy. I provide market commentary to various publications across the US.
Within matrix, under "location information" place port arthur on "City/Location" field. For water source, research and/or call agents of other listings in a similar subdivision and see if they have those documents. Hope this helps.