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What is a Comparative market analysis?

By April 4, 2019No Comments

According to the National Association of Realtors, a comparative market analysis is defined as “A study done by real estate sales agents and brokers using active, pending, and sold comparable properties to estimate a listing price for a property.” (Source). Setting the right price from the jump is one of the most imperative steps toward effectively selling your home.  This requires taking a close look at what other homes are selling for to gauge the comparative worth of your home. No matter how invaluable your modernized kitchen or finished basement are, the market sets a value—the price a buyer is willing to pay. Contact me (Jeremy Kelly contact info) today for a Comparative market analysis of your home.