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Rainmaker
1,172,514
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Distance, living space, age

that is what I go by.... Condition is adjusted.....

Unless you are comparing Palo Alto vs East Palo Alto the school does not enter the picture......   BTW: E Palo Alto students go to Palo Alto High but homes are about 1/3.

Nov 07, 2015 05:14 AM
Rainmaker
634,332
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

I agree with Gabe Sanders. If you have enough comps screen them, otherwise make adjustments. 

Nov 07, 2015 04:52 AM
Rainmaker
4,799,651
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

If you have sufficient comps to screen out the others, than yes as your results would be more accurate.  If not, consider making an adjustment for the differences.

Nov 07, 2015 04:18 AM
Rainmaker
1,597,930
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Great answers you got. 

Nov 03, 2019 02:57 PM
Ambassador
5,613,349
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Depends on how many you have to choose from.

Jan 26, 2019 10:46 PM
Rainmaker
3,070,584
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

All factors need to be considered when preparing a CMA.

Nov 07, 2015 10:58 PM
Rainmaker
912,465
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

You should try and get comps as close to the same as your home as possible, including using homes in the same neighborhood, school system, and city. If you can't find enough comps by doing that, then you can use others, but you will need to adjust the pricing.

Nov 07, 2015 12:47 PM
Rainer
86,195
Gail Gladstone
Gladstone Group & Long Island Business Brokerage - Huntington, NY
Brokering Success

If you are running comps, the comps must be in the same school district and same zip code as the subject property if it is to have any validity at all.

Nov 07, 2015 11:40 AM
Rainmaker
3,610,269
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

This is very good question.

Nov 07, 2015 11:22 AM
Rainmaker
1,683,406
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

If the Buyer has a preference in schools, I would focus on that area.  If they don't have a preference, I would have 2 seperate comps.  I try to have the comps in the same neighborhood or subdivision as the target property.

Nov 07, 2015 08:25 AM
Rainmaker
2,809,781
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

It seems to me if they are in different school district and different city, they aren't comps at all.

Nov 07, 2015 06:47 AM
Rainmaker
3,368,106
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

First i would use comps within the same school district. The problem with using comps in a different quality school is there is no set deduction other than if the lot is worth xxx amount less.  

Nov 07, 2015 05:47 AM
Rainmaker
5,573,163
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

an appraiser would make adjustments for that feature.... 

Nov 07, 2015 05:25 AM
Rainmaker
6,858,203
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

You should focus on the comps that use the same school. 

Nov 07, 2015 04:21 AM