What is your go to service for Multi-Family Sales comps?
I am trying to generate some sales comps for Apartment Buildings in Miami, Florida. We currently use Axiometrics / Real Page which works great in most of our markets - For Miami however, the sales data is very scarce (hopefully this isn't just from lack of sales). Any advice or alternatives would be much appreciated.
[{"id": "i7b9mno", "text": "Costar.", "replies": [{"id": "i7bt6oi", "text": "The Costar Cartel", "replies": [], "depth": 2}], "depth": 1}, {"id": "i7bljrd", "text": "If you don't want to use Costar you're going to need to develop relationships with brokers who deal in multifamily. It will take time, effort, and information sharing. After all that, you'll still need to use CoStar.", "replies": [{"id": "i7bxlmg", "text": "That's usually what I do, but this is a new market for us where we don't have a lot of exposure, unfortunately, the broker that brought us the deal mostly does tenant rep and isn't at a big firm.", "replies": [], "depth": 2}], "depth": 1}, {"id": "i7bs3pz", "text": "Our own internal database.", "replies": [{"id": "i7bxwi8", "text": "I work for a Multi-family developer, this is our first venture into the Miami market, so no database of past sales of our own that we can use. We have done that on plenty of stuff in NC,SC, and GA which are our primary markets.", "replies": [], "depth": 2}], "depth": 1}]