A Comparative Market Analysis is an evaluation of homes similar to yours based on the variables a fee appraiser uses: the location and condition of the property, sales values of comparable homes, and economic real estate trends in the area. Since the analysis is dependent on current market conditions, its usefulness is temporary; it cannot be used to predict value in the future.
The comparative market analysis for your property, included in the following pages, is the first step in evaluating it and setting a listing price. If you disregard the market analysis in the pricing of your home, chances are slim that it will sell within a reasonable amount of time. We can arrive at a realistic price range by comparing the features of your home with others in the area that are currently on the market, pending and sold.