01/31/2022
If you live in the Johnson City, Tennessee area and you would like a Comparative Market Analysis (CMA) completed on your property, allow us to connect you with Jeanna LaBossiere, Realtor.
Located elsewhere? We can help you as well! Contact us today to find out how!
Jason & Elizabeth Martz
REALTOR, NextHome Advisors
1400 Colonial Blvd., Suite 65
Fort Myers, FL 33907
405.962.9197
[email protected]
www.SouthwestFloridaHouse.com
Monday Real Estate Vocabulary tip:
What is a Comp? A CMA? How do I know how much this property I’m buying is worth? I’m ready to sell, how do I know how much I should list my home for?
Well, a comp can give you an answer to all of these questions.
A Comparative market analysis is a tool Realtors use to estimate the value of a specific property by evaluating similar homes that have recently sold in the same area. There are several factors that go into determining how much a specific property is worth such as square footage, property’s age, condition, number of bedrooms, bathrooms, lot size, location and even terms of financing! A comp is not an exact science, but it is more of an art form. Getting this number right initially can lead to a quick sale, at top dollar market value.
Got any questions?? Drop them below, or give me a call!
