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Free Comparable Market Analysis In Amarillo
Pink House Team
I, Pamela Madore, am not an appraiser. An appraiser is licensed and trained to do an appraisal. To get a license an appraiser needs more than 150 hours of classes. Then testing, testing, testing and training. My point is that appraisers are trained extensively to find property values and as Realtors we have minimal experience in comparison. However, we are trained enough to be able to compare properties that are for sale and those that have sold. That is called a Comparative Market Analysis (CMA). We always have to remember that the value of the property is worth what someone will pay. The advantage an appraiser may have is that we have found a buyer that is willing to pay X amount for your househouse. I like to do a CMA at the beginning of the listing process and then every couple of weeks after that. There are times when the market is stable enough so that there isn't any change. At the moment, however, our market is changing sometimes even weekly. It is easier to do a CMA in City View, for instance, than in River Road. In City View the ... more
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