Posts from March 15th, 2021
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15
Unraveling the Mystery of Home Valuation
From the outside, it's easy for home valuation to feel like one big mystery. Even though you might be familiar with many of the ingredients that go into a home valuation, you might be wondering how your real estate agent mixes them all together to identify the right listing price for the home. Our real estate agents are here to provide an industry perspective and help you unravel the mystery of home valuation.
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Understanding What Goes Into a Comparative Market Analysis (CMA)
Let's say you're trying to price a home to compete with other Akron homes for sale. A CMA is one of the most important tools that your agent will use to help determine the value of the home. By comparing the home with similar properties that were part of recent real estate transactions in the same market, you can find an asking price that fits that market. A CMA takes into account homes that are currently for sale, homes that have recently sold, and homes that were listed but didn't sell. The process works best when there are more homes in your market with a similar size, amenities, and features.