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Asked by Justina Franklin, Kalamazoo, MI Thu Feb 21, 2008

This question was removed by its author.


smith3gary, Agent, White Lake, MI
Thu Feb 21, 2008
Justina, The more information we get, the better our suggestions can be in our responses.

Is this for a home purchase?
Web Reference:
0 votes
Emily Erekuff, Home Owner, Menifee, CA
Thu Feb 28, 2008
Hi All,

Justina posted a nice 'Thank you' at the link below. Just wanted to let you know.

Best Wishes,

Emily Gibson
Customer Service Representative
0 votes
Robin and Kay…, , Clarkston/Waterford, Michigan North Oakland County
Thu Feb 21, 2008

A comparable market analysis is the term used by real estate professionals for a report completed in an attempt to determine market value. Typically an agent will collect information about homes that are similar to the subject property and if possible, located within a one mile radius or closest proximaty. The data collected will generally include 3-6 listings of active, sold and expired listings. The differences are taken into consideration, often completing an additional step known as an adjusted market analysis where dollar adjustments, both positive and negative are made for the differences. Although these are traditional approaches to determining value, less emphasis is put on sold property when the driving force behind value is supply and demand. It is important to identify your range of value, determine the number of months inventory (supply) and how many sales are ocurring (demand). If three homes are selling per month in your range, you need to study the active homes and be certain you are perceived as the best value.
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