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COMPARATIVE MARKET ANALYSIS

A Comparative Market Analysis is an agent's opinion of the price your home will sell for. Standard Comparative Market Analysis (CMA) reports contain some or all of the ollowing information and methods:

Active Listings: Homes currently for sale. The Competition.

Pending Listings: Homes under contract, but not yet closed. Pending sales indicate the price of listings that are selling. If a home is priced above the list price of these pending sales, the home may not be in the market range.

Sold Listings (Comparable Sales: Homes closed within the past six months. An appraiser will use these when appraising your home pending sales. They set market value.

Off-Market / Withdrawn / Canceled: Taken off the market. (Seller decides not to sell because he can't get his price, illness in family, etc.)

Expired Listings: Not sold during the listing period. Usually overpriced.

Examining Comparable Sales: Solds that most closely resemble the subject property. Model matches are best, but if none are available, the preparer will try to match square footage, number of floors, number of bedrooms, yard size, pool or not.

Similar square footage: Use of home as close as possible in square footage.

Similar age of construction:
Staying as close as possible in age to the subject property.

Similar amenities, upgrades and condition:
Trying to compare homes with pools to other homes with pools, etc.

Location:
Within a mile is best, closer if possible. Adjustments for golf course frontage, view lots, busy street.

 

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Keller Williams Realty - The Marketplace

Attention: Mike Pristow, Donna Hodge & Associates

2230 Corporate Circle, #250

Henderson, NV 89074

 

 

 

 

Copyright © 2009. Mike Pristow, Donna Hodge & Associates. All Rights Reserved.

Keller Williams Realty, The Marketplace

2230 Corporate Circle #250

Henderson, NV  89074

702-604-1001

                                    

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