MARKET ANALYSIS
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Two Accurate Ways to Perform Home Valuations
MARKET ANALYSIS
A Comparative Market Analysis (CMA) is a tool used by real estate agents to value a home. It evaluates similar homes that have recently sold in the same area. Agents find comparable sales and use them to conduct a sales comparison. In most cases, an agent will find three homes that have recently sold and are as similar to and located as close to the home being valued as possible. Each one is then analyzed to pinpoint differences between it and the home being valued. Once these differences are priced out, the price of each comp is adjusted to see what it would cost if it was identical to the home being valued were it to be sold in the current market.
APPRAISALS
An appraisal is an unbiased valuation of a home based on a professional’s opinion. They are usually what mortgage companies use for home purchases and refinances. A lender usually orders a home appraisal and the cost of the appraisal, sometimes up to $500, is paid by the homeowner. An appraiser does a complete visual inspection of the interior and exterior of the home as well as taking into consideration recent sales of similar properties and market trends. The appraiser then compiles a detailed report on the home, including an exterior building sketch, a street map showing the home and any comparable sales, photos of the home and street, an explanation of how the square footage was calculated, and any other relevant information.
734 Blacklick Street, Groveport, OH 43125
3 BD | 1 BA | 1,106 Sq.Ft.
4743 Cypress Grove Drive, Groveport, OH 43125
2 BD | 3 BA | 1,553 Sq.Ft.
4775 Briargrove Drive, Groveport, OH 43125
4 BD | 2 BA | 1,912 Sq.Ft.
173 Front Street, Groveport, OH 43125
4 BD | 4 BA | 2,716 Sq.Ft.
5069 Mcintosh Street, Groveport, OH 43125
4 BD | 2 BA | 1,442 Sq.Ft.
444 Grove Street, Groveport, OH 43125
2 BD | 2 BA | 1,179 Sq.Ft.
5050 Birch Grove Drive, Groveport, OH 43125
2 BD | 3 BA | 2,347 Sq.Ft.
94 South Street, Groveport, OH 43125
3 BD | 2 BA | 2,097 Sq.Ft.
569 Blacklick Street, Groveport, OH 43125
2 BD | 2 BA | 1,024 Sq.Ft.
467 Elm Street, Groveport, OH 43125
2 BD | 1 BA | 1,197 Sq.Ft.
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