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Showing posts with the label comparative market analysis

What is a Competitive Market Analysis and Why are They Important?

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When it comes time to sell your home at the Lake of the Ozarks , knowing the market value of your home is important. Deciding on a fair market price can be complicated if you aren’t familiar with the real estate market. That’s why obtaining a Competitive Market Analysis for your home could be very beneficial when you list your home for sale. Read on to learn more about what a Competitive Market Analysis is and why it could benefit both the buyer and the seller. What is a CMA? A comparative market analysis is an examination of the prices at which similar properties in the same area recently sold. Real estate agents 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,...

Understanding the Benefits of a Comparative Market Analysis

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Knowing the current market value of your home is most important when thinking of selling, especially if the proceeds of the sale are needed to purchase another home. When planning to sell a home, obtaining a reliable and comprehensive “Market Analysis Report” is a very important consideration for homeowners. There are many benefits this report offers to both buyers and sellers and we'll share some of those with you. But first, let's take a look at what a comparative market analysis is. What is a CMA? A comparative market analysis is an examination of the prices at which similar properties in the same area recently sold. Real estate agents 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 fai...