"How much is my house worth ?"
Get the correct value of your home in today's market for free by submitting the simple information below.
HOW WE CALCULATE THE CORRECT VALUE OF YOUR HOME
Comparative Market Analysis - (CMA)
A Comparative Market Analysis is a tool used by real estate professionals to estimate the correct value of a property by comparing it to similar properties that have recently sold, are currently on the market, or are pending to sell in the market.
HOW IT WORKS
Identify comparable properties (comps) in the same area or neighborhood.
Gather data on recent sales, current listings, and expired listings.
Choose properties that are similar in size, condition, location, and features.
Ideally, the comps should have been sold within the last three to six months.
Adjust the prices of the comparables for any differences such as size, number of bedrooms, condition, age, and amenities.
This helps in achieving a more accurate comparison.
Analyze local market conditions including supply and demand, and other economic factors.
Understand the trends which might affect the property values.
Compare the subject property to the selected comparables.
Look for trends in pricing among the comparables.
Based on the analysis that was collected, we suggest or recommend the correct value. This is the final step of the comparative market analysis, give you all the information we found and show you why our recommended value is the correct value of your home in this current market.