Home Evaluation – CMA
What is ‘Comparative Market Analysis’
A comparative market analysis (CMA) is an evaluation of the prices at which similar properties in the same area recently sold. Realtors perform a comparative market analysis for their clients to help them determine a price to list when selling a home or a price to offer when buying a home. Since no two properties are identical, agents make adjustments for the differences between the sold properties and the one that is about to be purchased or listed to determine a fair offer or sale price. Essentially, a comparative market analysis is a less-sophisticated version of a formal, professional appraisal.
Real Estate Condition Report
The purpose of this report is to disclose any known defects in the property and to avoid any misunderstandings between buyers and sellers with respect to the home’s condition. Report example below.
The MLS is, in many ways, is the very lifeblood of the real estate business. MLS stands for “multiple listing service” and may look like one large national database but it’s actually a suite of approximately 700 regional databases. Each regional MLS has its own listings, and agents pay dues to access and post homes on each one. This is why agents who want a broader reach for their clients may become a member of more than one MLS.
REALTOR vs For Sale By Owner