Found 2 blog entries tagged as Comparative Market Analysis.

Price for Real Estate

As the chill of winter fades and the beauty of spring emerges, the real estate market experiences its own form of renewal. Spring has long been considered the prime season for buying and selling properties. This peak period brings an influx of eager buyers into the market, making it a critical time for sellers to capitalize on the heightened demand. However, with competition at its zenith, pricing your home correctly becomes the cornerstone of attracting serious buyers and maximizing your sale price.

In this blog post, we're diving into strategies and insights on how to get your pricing right for the spring real estate!


UNDERSTAND THE LOCAL MARKET

Before setting a price, it's paramount to have your finger on the pulse of your local real…

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One of the key tools in any agent’s arsenal is the Comparative Market Analysis (CMA). A CMA is a comprehensive evaluation of a property's value by comparing it to similar properties that have recently sold in the area. Let's delve into the CMA process and its significance in helping buyers and sellers make informed decisions.

The first step in conducting a CMA is gathering data on recent sales of comparable properties. These properties should be similar in terms of size, location, features, and condition to ensure an accurate comparison. This data is obtained from various sources, including the Multiple Listing Service® (MLS®) and public records.

The next step is to analyze the gathered data and make adjustments to account for any…

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