How To Find Comparable Property Sales
b'ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode\\n\\n\\n\\n\\n\\n\\n\\n\\n{"@context":"http:\\\\/\\\\/schema.org\\\\/","@id":"https:\\\\/\\\\/onproperty.com.au\\\\/find-comparable-property-sales\\\\/#arve-youtube-epasfpcrdk4659a0b2e61fd2845637807","type":"VideoObject","embedURL":"https:\\\\/\\\\/www.youtube-nocookie.com\\\\/embed\\\\/epAsfPcrdk4?feature=oembed&iv_load_policy=3&modestbranding=1&rel=0&autohide=1&playsinline=0&autoplay=0"}\\n\\n\\n\\nWhen buying a property it is important to look at comparable property sales to get an idea of the market value. Here\'s how to do it.\\n\\nIn this video, I\'m going to show you how to find comparable property sales for the area. So when you are looking at investing in property, it\'s very important that you assess the property that you\'re looking at buying compared to properties that have recently sold in the area. This will give you a good idea and a good indication of what the property is really worth and will help stop you from overpaying for the property.\\n\\nSo let\'s go ahead and find a property to look at. Here I am at myrealestate.com.au, which is my absolute favourite search engine for properties. Let\'s go ahead and type in a search request, "units in Cronulla under $700k". We\'ll look for some of those units in Cronulla under $700,000 and we can see that there\'s a property here, 7/21 Wilbar Avenue for $555,000+. We can see one Croydon Street for $635,000. Let\'s go ahead, we\'ll have a look at that one.\\n\\nWe can see that it\'s 5/2 Croydon Street. We can see that this one has actually already sold. So let\'s go ahead and we\'ll find a different one. I want to make sure that it\'s on the market. We can see most of these are $680,000+. They\'ve got really wide guidelines. Sorry about that dog barking in the background. Here we have $565,000 for one in Bando Road. So let\'s go ahead and have a look at that. We can see the details about this property.\\n\\nNow, this is for $565,000. It is a 1-bedroom, 1-bathroom, 1-car spot property. I can go through, I can have a look at the pictures. Hopefully they\'ve got a floor plan as well. They don\'t. That would be something that I would probably want to look at or want to get. But we can look at this property. Now, we want to find some more details about recently sold property. So, we can see on the side here, people also viewed these properties so we can go ahead and look at them, but they are ones that are listed for sale at the moment.\\n\\nWe want to find ones that have previously sold. To do that, we\'re going to go at the top and click on this\\xa0sold\\xa0icon here in the menu bar. That\'s going to bring us to the\\xa0sold\\xa0page. We then input our suburb, which is "Cronulla". And now, this is important; we want to choose the same property type that we are already looking at. In this case, it\'s an apartment and unit that has 1 bedroom, okay. I\'m just going to leave the\\xa0min\\xa0and\\xa0max\\xa0price empty for the moment. So we\'re in the same property type, same number of bedrooms. We can go ahead and click\\xa0Search.\\n\\nNow, this has brought up 666 total results, but it\'s going to sort it by most relevant for you and you can see what they sold for. So we can see here that a 1-bedroom, 1-bathroom sold for $476,000. We can see one in Croydon Street was sold for $550,000. We can see one was sold for $587,000. One was sold for $440,000. And you can see the dates that these were sold \\u2013 27th of February 2016. We can see one in Burke Road sold for $611,000. That, again, is a 1-bedroom. Another one in Croydon Street.\\n\\nSo you can go through and you can look at all of these to see what has been sold in the area. If you want to get really specific, go ahead and click on the map and find your property in the map. We\'re on Bando Road in Cronulla, which is North Cronulla here, just West of Elouera Road. So we can see it\'s all around here where it says number 11. So we can zoom in there. There\'s Elouera Road. Here\'s Bando Road where we were looking. Okay, we can see that 1-bed, 1-bath was sold for $470,'