The process of estimating the value of your home can be done by a real estate appraisal or a marketing analysis. They both have similarities, but also important differences, especially in their application. The heart of a market analysis is the appraisal market approach. At Hudson View, our Expert appraisers will research similar homes in your neighborhood that have recently sold and similar homes that are currently up for sale.
Our appraisers will also analyze how long it took to sell the other homes or how long they have been on the market. This allows for the marketing analysis to spot and consider marketing trends, thus forecasting the future plus using historical data to estimate the value of your home.
What is a Comparative Market Analysis (CMA)?
Simply put, a comparative real-estate market analysis (CMA) represents the gathering of data for a real estate investment property and analyzing it later. Real estate investors use this type of analysis as it gives them a detailed and comprehensive overview not only of the investment property itself, but also of its surroundings and location.
In this way, we can help potential real-estate investors really grasp the ‘pros’ and ‘cons’ of a particular real-estate investment property. Furthermore, our CMA reports will allow clients to review how certain investment properties are doing on the real estate market & it is also useful for those clients who are trying to sell their properties, as well. With our research & expertise, they can adjust their real estate strategy as well as properly set the price of the investment property.
Please contact us today to discuss our Market Analysis reporting services. We can provide thorough knowledge of the dynamics of property sales in our specific local services areas to help you make important investment decisions & increase your ROI based on the data we are able to effectively aggregate.