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Blog entries tagged with "comparative market analysis":
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There are many homes for sale in California and it's important to remember that so many other things can be negotiated besides price. If a home is priced right there are still other items to consider negotiating such as closing cost credits, inspection fees, repairs, and even the length of escrow. 
To get the most accurate estimate of how much you should list your property for, your real estate agent can provide you with a Comparative Market Analysis (CMA). A CMA is an informal estimate of market value, based on sales of comparable properties in your area. It generally takes into account … (0 comments)
Boy! Was I glad I went to that listing presentation well prepared and with documentation! I prepare a 3-ring binder with printouts of my power point presentation in the first section, the assessor's data about the property in the second section, my CMA and calculations for my pricing advice in the … (6 comments)
Because this is truly a buyers market, to achieve a competitive edge a property must be priced right. Gone are the days when a homeowner ignored the advice of the agent regarding list price. There is almost no second chance; it has to be priced right from the start.
Sellers TipsHow much is your Livonia Home or Michigan Home Worth?What do you think your home is worth? How did you come up with that figure? From a sale down the street a year ago? From what you paid for it and then adding in what improvements you did? Your Michigan … (1 comments)
I decided to include this email in my blog site, because I believe it answers a very valid question with regard to how the new property tax base is computed by the San Luis Obispo County Assessor's Office when a buyer purchases a short sale.
If you're preparing to list your home, you'll need to determine how to set your asking price. You may come across the term Comparative Market Analysis, which is used as a tool for gauging the perceived value of your home. However, as a seller, you should think of that informal appraisal … (0 comments)
Yesterday a past client called to ask for two things. First a comparative market analysis (CMA) of his home and second a referral to a tile installer.
Recently, Suze Orman wrote the following in the Summer 2008 Oprah Magazine article entitled: Suze Orman, Six Money Matters to Stop Worrying about Now:
In the State of Hawaii, the Island of Hawaii, commonly called the "Big Island" because it is bigger than all of the other islands combined, land is being added all the time. As the volcano spews lava and rocks, the island expands. It takes many years for the newly formed land to … (0 comments)
Auctions give the buyer a chance to buy a property at their value, not the sellers, the bank's or an appraiser. Across the US, sale by autions have grown by 5.3 % over the last year. That increase has grown to a $270 BILLION dollar industry. These numbers are taken from … (0 comments)
In Southeast Florida, too many sellers refuse to 'price to sell' believing, stubbornly, that while other homes have declined in value, theirs has not. Today's edition of the local Ft. Lauderdale paper, the Sun-Sentinel, had an excellent article on proper pricing if you want to sell. The article points out what I've … (2 comments)
Who Wants a Full 17 Page CMA for Any Property in South East Florida??
A:hover {color: #003366; text-decoration: underline}
… (0 comments)
What is a Home Evaluation, commonly known as a Comparative Market Analysis (CMA)? When you are in the market to sell or purchase real estate, it is very important to have a CMA done on your property or a property you are thinking about purchasing.
Marketing Program
Gone are the days when sellers were in the driver's seat of the real estate market. Today buyers are flexing their muscle, and most are not ashamed to make low offers. To counter an unrealistically low offer and defend your asking price, here are some things that you can do.
BACK page BACK page PRICING YOUR HOME ---How do you set a listing price... Read on
§ 35.340. s.Comparative market analysis A comparative market analysis shall contain the following statement printed conspicuously and without change on the first page: 
Many of those who ran the big braggadocios ads about their Dallas real estate sales expertise are evaporating into thin air. 
When a homeowner decides to list their property with Janet and me, it is our responsibility to market that property. We have a very comprehensive marketing plan which includes daily exposure on television via Optimum Homes and postings on over 20 web sites. Our marketing plan is designed to ensure that … (3 comments)
I don't always prepare a full-blown CMA package for listing presentations. Sometimes, the seller already has a handle on the market and knows what is for sale and which homes have sold. Besides, for sophisticated sellers, they really don't need to read all that miscellaneous data that often accompanies CMAs. For … (3 comments)
So what does that mean for you? While it may sound like you'll be in the driver's seat, calling the shots remember that the seller of your dream home is only going to budge so far. The best way to find out if a house is priced correctly is to obtain … (0 comments)
CMA is real estate shorthand for "Comparative Market Analysis." A CMA is a report prepared by a real estate agent providing data comparing your property to similar properties in the marketplace. The first thing an agent will need to do to provide you with a CMA is to inspect your property. … (0 comments)
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Salt Lake Comparative Market Analysis
How is the value of a home determined? This is great question that has more than one answer.
Home Values from a Buyer's Point of View
From the buyer's perspective it is supply and demand. They comparison shop, they will look at all the homes … (0 comments)
If you are an experienced investor in the area and know exactly what you want to buy and are very familiar with sales data you can shop without a Buyers Agent. If you plan to look at few properties and are not completely sure of the value then I recommend a … (0 comments)
You are considering selling your home, but are unsure at what price to list it. A home a couple of blocks away sells for $325,000 and another one right down the block sold for $310,000. So, you think to yourself, that maybe you can add $25,000 to the asking price because … (5 comments)
On another post for Surprise, Arizona we learn that 1 in 18 houses were sold last month. What does that mean to you if you want to sell your home? It means that the Realtor you choose is extremely important. Anyone can list a home, all it takes is filling out the paperwork … (3 comments)
"Sharpening the Saw" is a term from Stephen Covey's "Seven Habits of Highly Effective People." Mr. Covey expresses the concept as expressing all 4 dimentions of our nature in balanced ways. That would be Physical, mental, social/emotional and spiritual. 
With all the attention from the news media about the slowing market, it's time to focus on the positive side of sucessfully selling Springfield Mo real estate. 
DO consult a Realtor to get up-to-date comparable properties. 
To begin with you have to remember that you will be marketing to others, and not getting ready for a open house to visit with friends. You have to realize that your objective is to view your home as a product to be marketed. With most of us that have lived … (2 comments)
We have more waterfront properties on the market today then ever before…300 homes, 100 condos, and 119 lots are for sale on Lake Martin as of August 7, 2007 according to our Multiple Listing Service. This means that buyers have more to choose from – and they are watching to see … (0 comments)
*This is part 4 of a 6 Part Series. Click here to read (Part 1, Part 2, and Part 3)
It is the time in your life to sell your home, to finally hire a REALTOR to sell your home. Which one will you choose? The one Bobbie Sue chose last year, no... her house set on the market for 198 days. Hey, what about Uncle John's cousin's sister's nephew? Now, he'd be … (11 comments)
I was just reading this question on Trulia. It seems to be coming up over and over again in different variations:
In this electronic age it is easy to find information on just about anything in a matter of minutes....really seconds. As far as Real Estate is concerned, homeowners want to know the value of their properties.... so logically they "google"; search the net to find someone/something to electronically give them an … (2 comments)
When you prepare for a Listing Presentation, are you doing a real CMA or a glorified comp sheet? When using properties from a comp sheet , the correct procedure for doing a Full Comparative Marketing analysis, is that you make adjustments of the current qualified solds that you are using. 
Click the link below to go directly to our newly added CMA Form all new details on our CMA (Comparative Market Analysis) that can be filled in fast and easy. More information included for this CMA to give us as close to a true CMA value an estimated value as possible.
Asking Price and Sales Price are terms familiar to most real estate practitioners and some questions worth considering include...Who really determines these prices and how are they established? What's the difference between Asking Price and Sales Price? I believe real estate professionals have a responsibility to help ensure that the asking … (0 comments)
IT'S MAGIC! THE INCREDIBLE INVISIBLE HOME!
I love it when I get this question! I've seen many homes that are for sale and not getting any showings and I've seen homes that were sold in 1 hour. When I go online and see that the agent has put in the notes," this home is priced $10,000 under … (0 comments)
Buyers Want Your Home for As Little As Possible. Quickly Find Out What It's Really Worth, by Email, for Free. 
Link to Listing Homes for Sale - Part 1 of a series 
Home Sellers since January 2007 in Toledo, and Lucas County Ohio there has been about 3 times as many houses listed for sale than have sold! This probably isn't a newsflash to you, but the pendulum has swung back toward the buyer's side at the negotiating table.
An important fact I've discovered in helping clients set a price for their home is, of course, a comparative market analysis. What I've come to realize is that a lot of my clients look at all the "for sale" prices in their neighborhood when setting their asking price. I've recently been … (0 comments)
Don't you just love it when tax appraisal time comes around? You never know what you're going to get! As real estate professionals, we're often amused that the tax appraisal value of homes can go up even while the actual selling price of homes may go down. Kind of makes you … (0 comments)
CMA:
We've all had this experience before-You made a great listing presentation, made a good impression, built good rapport, did a thorough CMA with sold and current comps, handled objections and left the appointment thinking that you earned the homeseller's business. Upon following up, the seller tells you that he decided to … (6 comments)
It's very important to price your home appropriately relative to current market conditions. Because the real estate market is continually changing, and market fluctuations have an effect on property values, it's very important to select your list price based on the most recent comparable sales in your neighborhood. A comparative market … (1 comments)
We used to call this the 3 P's of selling real estate. Price, location, and pray! Well if you are using a professional realtor their experience should help you price correctly in the beginning. Sometimes sellers choose agents just because they found one that suggested a high sales price. 
As mentioned in a recent, FSBOs often price their homes too high. In completing a comparative market analysis for a FSBO yesterday, we found that they had their home overpriced by a minimum of $30K. In fact, the home should be priced about $40K less than they have it to be in … (1 comments)