What is Our Home Worth Now In Redding Ca?
The comparative market analysis (CMA.)
This is one of the areas in which real estate agents really can show you in black and white who your competition is and what is the value of your real estate.
The CMA, among other tools, stats, market conditions and figures will be used to determine how your home will stack up in comparison to other houses which are on the market, and even more importantly those which have recently sold to determine your home’s value.
CMA's are about cold hard facts which can be qualified, verified and measured. The CMA is designed to give comparative information such as number of bedrooms and baths, approximate square footage of living space, parking, amenities such as fireplaces and pools, and age, style and condition of the other homes.
The search for comparable homes that have sold can go back in time as long ago as a year or week ago, but typically no longer then six months. CMA's can cover areas as narrow as one or two blocks surrounding your home, or as broad as an entire subdivision depending on how rural or populated the neighborhood is.
The CMA is another tool in helping home owners determine what the value of their current home is in Redding Ca, but like any tool, it doesn't work very well by itself.
What is Our Home Worth Now In Redding Ca?
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