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
Or you can email me all of the pertinent details at firstname.lastname@example.org.