Zillow is the most visited site for real estate searches. It is an excellent starting point for searching for comparable sales for a house or condo. The site allows you to compare properties by type, price, bedrooms, bathrooms, and other features. Zillow will be the best place to find much...
The agent might also consider using comps from a similar area without good sales data. A place with an equivalent level of crime, access to amenities, and quality of schools might be considered to give more comparable sold house prices. While there is a greater degree of uncertainty here, th...
Recently sold properties come with better approximations than properties than were sold a few months or years earlier since real estate markets change regularly. If there are no comparable properties in the same location, consider recently-sold properties in nearby locations, rather than moving farther...
Learn what you know about the comparable sales approach in real estate with the quiz and worksheet. Quiz questions on the subject are made...
A comparable sales approach is the best because it compares recent real estate transactions in a certain area. When it comes to real estate, different...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can a...
How real estate agent commissions work, average rates nationwide, when payment will be due, and what services to expect in return.
Real-Time Comparable Sales (Comps) 🏡💼 Automated valuations rely on past sales data, which can be outdated or irrelevant. An experienced agent will provide a comparative market analysis (CMA) using the latest, most relevant sales of homes similar to yours. In areas...
Comparative Market Analysis:Provide detailed market analysis reports to help clients understand the value of properties and make informed decisions. Highlight trends, comparable sales, and potential investment returns. CRM Utilization: Task Management:Assign follow-up tasks within the CRM to ensure timely...
A CMA is completed by a real estate agent, the seller, or the buyer using comparable homes toestimate a price. This estimated price can then be used for negotiating a sales price. An appraisal requires a state-licensed and certified appraiser. The appraiser compares homes similar in size, la...
Property valuation is important for financing during the purchase, listing price, investment analysis, insurance, and taxation—they all depend on real estate valuation. What to Look For Commonly used real estate valuation methods include: Sales comparison approach: recent comparable sales of proper...