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What is a Comp Check? 
Comp Check is the term used for the process of checking comparable properties in the area of the subject property. This is often used to get an idea of at what price houses or businesses in that area have been sold. A Comp Check is simply part of the appraisal process and does not determine the final valuation of the subject property. The reason that appraisers come and inspect the property is to determine the value of that particular property. The problem with attempting to determine the value based solely on comps or comparable properties is that you will most likely not get an accurate representation of the subject property.
Click below for a video from Brian Weaver, Director of the IL Appraisal Dept:
Here is how you can get a free comp check. See the following list of several internet services that (in some way or another) provide a rough idea or a free comp check of a property's value in Las Vegas, Clark County, Nevada and nationally. Buyer Beware!
Las Vegas value ranges can be provided in an appraisal; however, we usually conclude a point value estimate.
Appraisers of Las Vegas conducted a study of a particular house (100 Celia Place, Las Vegas, NV 89145) as of August 3, 2007. We completed a Limited Appraisal of this property and opined $250,000. We also surveyed all of the following sites as of this date. The following lists shows the result of our most recent study:
- RealEstateABC - $321,000 (Free)
So, get it from amn appraiser who knows or get it free on-line. You get what you pay for. This range of values ($260,00+, $279,014+, $321,000-, $321,000 and $335,689-) is confusing and not very helpful.
http://appraisalnewsonline.typepad.com/appraisal_news_for_real_e/2006/08/illinois_comp_c.html
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Appraisers of Las Vegas Appraises Houses to High-Rises. Expert residential and commercial appraisals of all types of real estate by Nevada Licensed and Certified Residential and Certified General Commercial Appraisers in Las Vegas, Henderson, North Las Vegas, Boulder City, Clark County and all of Southern Nevada. We also provide appraisals in the Clark County communities of Summerlin, Paradise, Aliante, Seven Hills, Anthem, Green Valley, Southern Highlands, Sun City, Spanish Trails, Spanish Hills, Rhodes Ranch and all of the local condo communities.
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