Evaluating your own property can be a time-consuming and difficult process. While we all want to price our home properties with the highest profit or margins possible or to cover your own costs it is important to understand the many factors that go into valuating a property for rent or for sale. Some these factors include age of the property, location, condition of the property, competition, market and consumer trends.
Take the hassle out of auditing your condo or home and leave it to our experts to consult with you and get the most value out of your property with respect to the current market trends and pricing. Contact us for a free consultation and market analysis for your home or condo today!
What is a CMA and how do you get one?
A comparable market analysis will help determine what your home is worth compared to similar properties in the area that have sold in the last 4-6 months depending on the property specifications and location. A comparable home market analysis or condo market analysis will better help you understand how your home will match up against the competition in the current selling market.
To determine the value of your home an experienced VIP Real Estate Realtor will compare your home or condo with similar square footage, age, amenities, upgrades, condition and those which are located in the same neighborhood or a similar area. The more similar these comps , the better the price estimation.
Other factors an agent will look at when compiling a CMA include when a property sold and certain characteristics of the home. Comparable homes should have the same number of bedrooms and bathrooms and a similar sized lot. Keeping comps as similar as possible ensure you are generating the best list price.