Brokers Market Analysis Form
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People also ask
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How does a realtor do a market analysis?
To conduct the analysis, real estate agents search for recently sold homes in the same area that are as similar to the subject property as possible.
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Is a CMA as good as an appraisal?
While a CMA is a fairly casual process driven by an agent's experience and instinct, an appraisal is a formal valuation. Rather than being driven by the selling process, an appraisal occurs on the buyer's end, and it's typically driven by the needs of the mortgage lender.
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What is the difference between broker market analysis and appraisal?
Understanding the key differences between a Comparative Market Analysis and an Appraisal is essential when seeking a property valuation. While a CMA provides a general estimate of a property's value based on recent sales data, an appraisal offers a more comprehensive and objective assessment.
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Is a BPO the same as a CMA?
A CMA, or comparative market analysis, is similar to a BPO in that it provides an estimated value of the property. However, a CMA is much more focused on comparable properties and estimating a value based on properties that have sold recently.
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Is a market analysis the same as an appraisal?
Okay, this is a great question. If you have received a piece of mail from an agent offering to give you a price for your home for free then they are offering a comparative market analysis. This is not an appraisal. An appraisal can only be completed by a licensed appraiser.
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What does a real estate analysis do?
Real estate market analysis is the process of collecting and analyzing all the relevant information needed to make informed decisions about the acquisition, sale, rental, or development of real property.
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Why would a real estate agent perform market research?
Here are the key uses of market research for this sector: To understand changes and trends in the real estate market at large. To understand the current housing/ space rental markets. To compare prices of similar properties with yours.
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Do real estate agents do market analysis?
Real estate agents and brokers create CMA reports to help sellers set listing prices for their homes and help buyers make competitive offers. In addition, you can perform your own comparative market analysis by researching comparable properties (known as "comps") on real estate listing sites, such as realtor.com.
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