Listings, Buying your Dream Home, consumer info, varied real estate topics, local market reports and so much more! A comparative market analysis is a tool that real estate agents use to estimate the value of a specific property by evaluating similar ones that have recently sold in the same area. It can be extremely challenging to reliably estimate the fair market value of a home because there are
a significant number of factors that go into determining how much a specific property is worth. When people who are buying a house or selling theirs think of factors that impact the price, they typically consider location, square footage and the number of bedrooms and bathrooms. But the property’s age, condition, features, lot size and so on, as well as the conditions of the local and national markets, affect the value of residential real estate as well.
