Whats a Comparison Market Analysis?
A Comparison Market Analysis is the common procedure used to determine the value that a given piece of propery should sell for. It is done by researching your neighborhood to produce the selling price of up to six properties (similar to yours) that have sold in the last six months. We will then credit or debit the selling price of each one of the selected houses to account for the differences in features (e.g., waterfront, fireplace, swimming pool, attached garage, boat dock, etc.) between each selected house and yours. For example, if one of the selected houses has an attached garage, and yours does not, the value of that feature would be subtracted (debited) from the selling price of that selected house. However, if your house has a feature such as a fireplace and the selected house does not, the value of that feature would be added (credited) to the selling price of the selected house. Once the selling prices of up to all six properties have been adjusted to account for the differen