Determine your home's current market value with a comparative market analysis
The process for completing a comparative market analysis includes the following:
Defining criteria for selecting comparable homes in close proximity range
- Determine a list of quality comparable homes
- Evaluate the comparable homes within close range of the home
- Adjust comparable home values for differences in size, condition, location, amenities, etc
- Estimate the ideal value of your target home based on the findings
Upon completion of the form above, we will provide you with a complimentary comparative market analysis for your home.
A Comparative Market Analysis (CMA) is an evaluation of similar, recently sold homes (often called comparables or comps) that are near a home or homes that you want to buy or sell. As buyers and sellers, it is important to request a CMA report to establish the current fair market value of a home. 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.
When you Request a CMA, we use our market insight to find homes that are similar to the home under consideration and create an in-depth comparison of the size, age, location, and features of the home. It all comes down to comparing comparable homes in this area, which involves analyzing data on homes in the current Lake Minnetonka market.