October 2020 Housing Market Stats...

Dated: November 22 2020

Views: 184

This is the right time to sell. Most offers are coming in over value. Call me today for an complementary analysis.

Comparative market analysis (CMA) explained

Real estate agents create CMAs by looking at comparables, or comps—recently sold properties that are similar to your own home (or, if you're a home buyer, the one you want to make an offer on). Similarity is key, since it gets you closest to an apples-to-apples comparison.

Let's say your own home has four bedrooms, three baths, and is around 2,500 square feet. Your neighbor's down the block is also a four-bedroom, three-bath house clocking in at 2,300 square feet—and it sold last week for $300,000. Odds are, your place is worth about that same price.

"Comparable homes should be in the same or similar neighborhood, have similar square footage, number of bedrooms, bathrooms, features, and upgrades..

Want to know what's going on in your neighborhood...let me run a CMA report for you...

Georgie

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Georgieann Elliott

An entrepreneur real-estate professional living and working in Northern Utah. Experienced with buyers, sellers and investors. Many hours of service are devoted working with Seniors. The Seniors Real E....

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