Real Estate Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

What Is a CMA


"CMA" is an abbreviation real estate agents use for a Comparative Market Analysis. A CMA gives an estimated sale price for a property given current market conditions. It's prepared by a real estate agent and it usually comes in report form. Most residential real estate agents don't charge a fee for preparing a CMA.

An agent needs to walk through the property in question before preparing a CMA. Unless the home is enormous, the agent inspection part of the CMA shouldn't take long, nor does the home have to show like a model home. However, property condition does affect price. So if you plan to do work on the property, let the agent know.

After the agent previews the property, he or she researches the Multiple Listing Service for information about similar properties in the area that have recently sold. In order to arrive at a current price estimate, an agent should analyze information about listings that have sold and closed, those that are sold but haven't yet closed (the pending sales), active listings and expired listings.

Pending and sold listings give the most reliable indicator of current market price. Active listings are a gauge of the current competition in the marketplace. Expired listings are properties that were listed for sale but didn't sell. Usually expired listings didn't sell because they were priced too high for the market.

The agent then compares the property with listings found in the MLS search and by so doing arrives at a probable selling price. Keep in mind that the price derived from a CMA is somewhat subjective. Also, a CMA is not an appraisal. You need to hire a licensed appraiser to complete an appraisal.

Sellers should have a CMA done before listing their home for sale. Sellers who don't have a real estate agent often ask several agents to complete CMA's. This gives the seller an opportunity to meet different agents and to see how they work.

You may find that you want a CMA even if you aren't planning to sell. For instance, before embarking on a major renovation you might want to know how much you can spend without over-improving for the neighborhood. The agent who sold you the property should be happy to prepare a CMA for you if he or she is still active in the local housing market. If not, ask an acquaintance whose opinion you trust to recommend an agent.

Buyers should ask for a CMA on a property they are considering buying, particularly if they are new to the area and haven't had the opportunity to see many listings.

First-Time Tip: Regardless of whether you are a buyer or a seller, the agent who prepares your CMA should work actively in the area where the property is located. The Internet has made it possible for virtually anyone to access comparable sales information. However, this information could be inadequate without firsthand knowledge of the comparable properties and the local marketplace.

For example, property upgrades usually have a positive effect on sale price. But if the upgrades are inferior in quality or design they can lower rather than increase the price. Suppose the information on a sold listing shows a remodeled kitchen. Without having seen the property, it's difficult to know how the remodeling affected the price.

The Closing: Don't be surprised if a CMA gives a price range rather than a set price. You're more likely to see this in markets were there is variation in terms of property size, age, architectural style and condition.

For More Information on Selling your home quickly visithttp://www.webuyhouseshome.com Unlike other so called We Buy Houses websites, Rescue Real Estate gives you every available option for selling your home. Simply complete our short 1 page form, and get anonymous online access to our team of specially trained REALTORS®. Then, in as little as 48 hours, you will begin to receive offers to purchase your home from our nationwide network of real estate investors. Click Here to sell your home quickly and compare agents.


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Pittsburgh Post-Gazette

Pittsburgh housing market a boon to attracting Amazon, real estate experts say
Pittsburgh Post-Gazette
Housing just might be Pittsburgh's ace in the hole in its bid for Amazon's second headquarters. At least that's the view of two online real estate marketplaces that give Pittsburgh an edge over other contenders in the battle for HQ2 based on housing ...
Think real estate prices are high now? Wait until Amazon moves to town.Miami Herald

all 454 news articles »


Solano Real Estate Scene: Do you believe homeownership possible?
Fairfield Daily Republic
We recently came across an old picture of Jeff Bezos, the founder of Amazon, working in his garage, where he had converted it into the first corporate headquarters of Amazon. That was in the 1990s and today Amazon is one of the largest corporations in ...

and more »


AZCentral.com

Venture REI's new platform allows buying, selling real estate online
AZCentral.com
I started looking for opportunities that were innovative … to keep real estate agents relevant,” Noma said. He sought out and implemented the platform to do that. The 20 property transactions done on Super Seller AZ have involved young professionals ...



Sun Sentinel

Where are South Florida's 8 Amazon headquarter sites? Real estate experts identify potential candidates
Sun Sentinel
With South Florida as a finalist to be the home of a second Amazon headquarters, real estate experts have identified potential candidates for a site, which would bring 50,000 new jobs and a $5 billion investment. The sites are all conjecture, however ...

and more »


Real Estate Loans Slow in 2017
Caixin Global
Outstanding loans related to China's real estate industry and outstanding individual mortgage loans have slowed, indicating that the property market has cooled as the central government tries to rein in speculation. As of the end of 2017, outstanding ...



Bisnow

Amazon Seeks Community Connection With Its Real Estate
Bisnow
Attention Atlanta: Amazon's head of real estate has a message about what type of real estate it wants in a headquarters. It is all about community. While Amazon is not about leasing space in trophy towers, Vice President of Global Real Estate and ...
Amazon's real estate chief just outlined the company's top priorities for HQ2Puget Sound Business Journal (Seattle)

all 2 news articles »


Albany Times Union

Introducing Dealmakers: Real estate news and business items
Albany Times Union
Megan Miner Malone has joined Cushman & Wakefield/Pyramid Brokerage Company Pyramid Brokerage as an associate real estate broker after working in the legal field in both the public and private sectors for more than 19 years. During her career she ...

and more »


Miami Herald

Some impacts of new tax law on local real estate are clear. Some aren't.
Miami Herald
Even though the sweeping tax reform bill was signed into law on Dec. 22, the massive document is so dense that even seasoned real estate professionals aren't entirely sure what it will mean for Miami. While some of the bill's real estate provisions are ...



All Things Real Estate: Builder or reseller? Attorney may have to figure it out
Fairfield Daily Republic
Q: Last fall we purchased a brand new home in an upscale part of Fairfield. The home was one-of-a-kind and was built by a contractor as an investment. Since we've moved in we have discovered more and more problems. For example, on the bottom floor the ...



Forbes

3 Commercial Real Estate Trends To Watch In 2018 - Forbes
Forbes
Political and economic uncertainty has pervaded the past year, with the U.S. economy showing signs of growth amid low inflation and a distressed retail segment in 2017. Here's a look at three commercial real estate trends to watch in 2018.

and more »

Google News

home | site map
© 2006 TIGER MEDIA