Whether you’re selling a home, or buying one, the Comparative Market Analysis is your best friend.
Okay, so you’ve decided to sell your home. Congratulations! Now comes the big question: What price are you going to ask for? This of course leads to a follow up question: How do you arrive at that price?
Or…you’ve made the decision to buy a home. Great! So how do you arrive at your asking price when putting together your purchase offer?
In discussing the value of real property, we have to look at it differently from how we might look at selling something personal, like a car. Real estate value fluctuates under conditions much like the stock market, only with a few differences.