The CMAs that you have done using this site are probably wrong because the data that Trulia uses probably comes from tax data and not MLS data or not enough data is provided to do a CMA. For example, one 4 bd 2 bth home may have sold for $350k while another only sold for $99k. If you are using all comps in the $99k range to make an offer on a homes in the $350k range, no your offers wont even be considered.
For example, here is why two 4bd 2th homes might have such a dramatic price difference.
The $350k home has twice as much sq ft and is on 20 acres. It was built two years ago using only top quality materials. It is in a highly desirable area. The tax data may not have been updated and the information about the house being used is from the previous home that sold for $99k two years ago and was torn down.
The $99k home is a manufactured home on .2 acres. It was put up in the 1930s and has never been upgraded. It is located on a busy street across from commercial property. The tax data was not updated when the owner sold 19 acres of valuable commercial frontage property to the developer.
So, someone just comparing 4 bd 2 bth homes would not know the true value of each. And a computer using tax data my say that the house worth $350k is only worth $99k and the $99k home is worth $350k because the data being used is bad.
Technology and information has given the consumer to gather data but the value of a Realtor is interpreting that information.
I hope that helps.
If you need a referral to a good BUYERS AGENT, I am part of a vast network of Certified, trained specialists. I would be happy to refer you to an agent, or even two to talk to and help you. There is NO COST OR OBLIGATION involved. just some help in the process. Let me know.
I'm sorry, I'm a bit confused by your question.
Are you assuming that homes listed on this site underwent a Comparative Market Analysis?
There is no way to know that. Additionally, list prices, though somewhat indicative of your competition, are not the best stick by which to measure market value. It is through recently SOLD comparables that the best list price can be determined.
If you are looking to formulate offers based on what is listed here, you may not be using the best strategy.
Are you working with a Realtor? If not, you may want to consult the services of one so that you are not continually taking shots in the dark on offers. Your Realtor will research the specific market, research specific history on the home(s) on which you wish to make an offer(s), and also use various other strategies to help you formulate the strongest offer!
You're best bet is to find a Realtor, (buyer's agent) that will help you. This costs you nothing as usually the seller pays both Realtor's commission.Your Realtor will know how to come up with a fair market price. If you're trying to do it on your on, you'll just get frustrated. If you'd like me to refer you to someone, let me know.
Keller Williams of No. Colorado