A Comp Analysis is an essential tool for Real Estate Investors. 'Running' comps is a term used when trying to find properties with similar characteristics to your subject property based on location, square feet, bedrooms, bathrooms, etc to help you determine the value of your subject property. Below we will show you how you can easily generate a Comp Report for your properties.
Finding a Property
To access the comp engine, go to the Leadpipes > Property Leads from the left side menu.
To begin your comparable search you have two options:
A. Perform an individual property search by entering the address into the search field.
B. Perform a broad County, City, Zipcode search by entering the desired location in the search field.
Click the Search button
Option A will take you directly to the property details page for the lead. Click "Comparables" to the right of "Overview".
Option B will take you to the Leadpipes list view, which will allow you to refine your list further. When you find a specific property you would like to run comps on click on the specific property address and you will be directed to the Property overview page that will include additional details on the property.
Click "Comparables" to the right of "Overview".
You will be taken to the Comparables page for the subject property
Mapview
You will now see comps populate on the map within a mile radius of your subject property.
- The comps will populate white pins on the map and display the last recorded sold price.
- The subject property pin will be at the center of the mile circle radius.
- Clicking on the comparable pins or the subject property marker will open a window with additional details on the property.
- Clicking on the comparable property address in this view will open up the Leadpipe property details for the address in a new tab. You can then add this property to your leads if you would like to save it to view later.
- You are also able to click the box to the left of the comparable property address to add this property to your Comp Report.
Filtering your list
Use the filters located beneath the map to adjust your search. You can filter your search by the following fields:
Bed/Bath
Square Footage
Distance - Recommended distance is 1 mile
Ai Scores - Additional purchase required
Lead Types * Expert Tip! - Filter by Cash Buyers to see which properties have sold for Cash in your area.
Property Types
Status - located in the More filter
Year Built - located in the More filter
Lot Size
Last Sale Date - located in the More filter
Number of Stories - located in the More filter
Property Features - located in the More filter (Basement, Fireplace, Garage, etc..)
* Expert Tip - We recommend starting with a very broad search before applying any filters to populate the most results.
After adjusting your desired filters, click the SEARCH button. The map view and the comparable list below will update.
Downloading/Saving Your Report
The list view of comparables below your filters will populate by the closest comparable by Distance.
Click the check box to the left of the comparables you would like in your report and click the Download Report button at the bottom right to download/print a PDF of your report.
Once you download the report, depending on your browser settings, a Pop Up Window will appear to download the Comp Report or it will automatically download to your web browser.
Example on MAC using Safari
Example on Windows using Google Chrome
The system will also automatically save a copy of the Comp Report in the Documents section of the Property File.
**You are able to view, download, edit the name, and email the Comp Report from within the Documents section
Note: You will notice columns on the list view for Retail, Rental, and Wholesale. This is referring to our Leadpipes Ai scoring feature, which is only available if you have an Ai subscription. Leadpipes Ai will help you to increase the ROI on your marketing spend across the board to target the properties with the highest propensity to sell. Read more about Leadpipes Ai here!
QA Team