Request a CMA
What is a (CMA) comparative market analysis?
A Comparative Market Analysis (CMA) is an evaluation of similar, recently sold homes (called comparables or comps) that are near a home or homes that you want to buy or sell.
Are Zestimates Accurate For The Central Coast Area?
According to Zillow, Zestimates are given simply to give you a basic idea of your home’s value. They are often off by as much as 8%… a huge number for people who live in the Central Coast. Although they are fun to view, they are not a good source if you are seriously wondering what your home is worth.
How Does Team Taylor Evaluate Home Prices?
Robb and Julie Taylor have performed hundreds of CMAs for their clients. Their area knowledge and skills ensure you will get a very good idea of what a home is worth in today’s market. When you request a CMA from Team Taylor you will get the great information you can trust.
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, condition 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.
What Happens When I Request A CMA.
Team Taylor look at lots of information, the same type of information an appraiser might use. We will:
- Determine a list of quality comparables
- Evaluate the comparables within close range to the home
- Adjust comparable values for differences in size, condition, location, amenities, etc
- Estimate the ideal value of your home based on the findings
Robb and Julie would love to help you determine the value of your home. It is free service simply offered because they want you to have the best information possible to make a well-informed decision.