Do you want a quick, broad sense of market value? If so, you can use THIS LINK to get a fast, automated valuation for your San Jose area home. Because it’s immediate and not customized, it won’t be super accurate, and you won’t have to provide a lot of info about the property, upgrades, needs for repairs, and so on.
Want more accurate info? If you are a home owner, you didn’t just buy in the last 6 months and your home is not on the market or pending, then please request a CMA of me.
What is a (CMA) comparative market analysis?
A Comparative Market Analysis (CMA) is an evaluation of similar, recently sold homes (called comparable homes or comps) that are near a home or homes that you want to buy or sell. Buyers, sellers, or real estate agents perform a CMA report to establish and find a fair price range for the home the report is created for. The price range from the CMA can then be used as a guide to be used for establishing an offer price or a listing price.
Basically, performing a CMA involves finding the homes that are similar to the home under consideration, and creating an in-depth comparison of its size, age, location, and features of the home. It all comes down to one question: compared to other, comparable homes in this area, how much is this home worth? Answering that question involves looking at a fair amount of data on other homes in the current market.
The process for doing a comparative market analysis includes:
Defining criteria for selecting comparables in close range to the home
- Determine a list of quality comparables
- Evaluate the comparable properties sold within close range to the home
- Adjust comparable values for differences in size, condition, location, amenities, etc
- Estimate the ideal value of your target home based off the findings
Request an estimate, custom made by me at this link.
Or you can email me all of the pertinent details at mary@popehandy.com.
