• Features & Design – The materials used, architectural style, and how the home was built. • Improvements – Renovations or upgrades made to enhance the property. • Comparable Sales – Analyzing recently sold properties in the area with similar features. • Location – The neighborhood type, zoning, and proximity to schools, businesses, or amenities. • Age of the Property – How old the home is and how it has aged over time. • Size – Square footage of the home and lot. • Depreciation – Loss in value due to wear, outdated features, or market changes. • Condition – The current state of the home is a major factor in valuation. While location remains the most critical and permanent aspect of the property, condition and upgrades can significantly influence a home's value as well. Strategic improvements to a home—such as modernizing kitchens or bathrooms or enhancing curb appeal often increase its appraised worth.
COMPARATIVE MARKE TIVE MARKET ANALYSIS (CMA) IS (CMA) BY A REAL ESTATE PROFESSIONAL
The Comparative Market Analysis is imperative to pricing strategically. When you receive a CMA from a real estate professional, be sure to review it carefully, ask questions, and seek clear explanations. A well-prepared CMA helps you determine a competitive and accurate listing price and supports that price with data. A well-priced home attracts showings within the first few days on the market. This type of home valuation is free and more reliable than 6
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