Comparable Sales Database & Maintenance

Establish and maintain a comprehensive comparable sales database.

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Steps: 1) Compile historical sales (MLS, public records) 2) Organize by property type/neighborhood 3) Extract key data fields (price, beds, baths, sq ft, DOM, sale date) 4) Verify data accuracy 5) Update quarterly with new sales 6) Archive old data 7) Use for pattern analysis

Output: Sales database (spreadsheet), data validation procedures, quarterly update log, trend analysis capability.

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Why this works

Database enables quick comparable identification and trend analysis. Maintains historical context.

Risks & review

Manual data entry introduces errors. Automate data pulls where possible. Verify accuracy.