Always Looking the Best interests of my Colorado Clients.
Real Estate Single Family Residence (SFR) Colorado Homes comparables / Comparative Market Analysis (CMA)
I have seen around that some Colorado listing agents neglect to make a decent research about the Colorado market value estimation of the same comparables in singles family residences to advise their clients what would be the best options, etc.
I have seen astonishing over priced Colorado homes, I am not an appraiser, but I always do my own research with at least 3 different automated companies that we use for comparables for Colorado homes sold on the same subdivision, up to 6 months old, 1 mile around, not more than that if there are enough comps, also I search on the MLS for Active, Sold and Under Contract colorado homes.
I have learned so much doing this and the one that will guide us (me and my client) to take a final decision.
I have learned a lot from appraisers asking how they compare propeties, factors, etc.
First look and search homes sold on the subdivision of the property you want and do not jump to other subdivision if it exists enough sale comparables that can indicate in that subd, even when they are less that 1 mile away, there are many factors that an automated system will not give you.
Believe me, this is a good way to protect your clients,
Best Regards,
Ray Saenz ActiveRain Real Estate Network User
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