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MARKET ANALYSIS

Ten seconds. That’s all it takes for someone to decide whether they’re interested in buying your home. And chances are, you’ll never know they were looking.

It’s not even happening at your house. It’s happening on someone’s phone anywhere on the planet.

With first impressions at such a premium, it’s no surprise that figuring out the perfect asking price is an essential first step to the successful sale of your home. (Go too low, and people will wonder what’s wrong with it. But price too high, and buyers won’t give you a second look).

If they see that your price is out of line, they’re not going to bother to look because they’re just going to conclude that the seller is unreasonable.

They’ll go somewhere else, even if the house is drop-dead gorgeous.

So how do you find that perfect asking price? Enter the comparative market analysis.

 

WHAT IS A COMPARATIVE MARKET ANALYSIS.

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Known in the real estate business simply by its acronym, a CMA is a powerful tool that rounds up similar properties in your area to help determine your property's value.

Since no two properties are the same, a well-executed CMA is equal parts art and science, comparing raw data, such as your square footage, acreage and address, with the less tangibles, like your proximity to noisy streets. But our agents believe the number one criteria of evaluation is location, location, location. It’s an absolute essential when nailing down an initial asking price, and important for buyers making offers too.

 

It’s basically an analysis of the current market values of properties, comparable to a property you are looking to buy or sell. A CMA is a helpful tool to determine the market value of your own property, especially if you are trying to decide an accurate selling price prior to listing. At Texas Land and Luxury providing a current CMA to our private clients or potential private clients is always complimentary.

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WHAT IS A CMA

 

INSPECTION

A personal inspection of the property is crucial to determining the fair market value.  Your property does not have to be in 'show ready' condition to have one of our qualified professionals do an analysis of your property.  The initial consultation usually takes 2 hours onsite.  Please feel free to reach out to Texas Land and Luxury if you are considering selling or purchasing property and we will be happy to provide you with a current complimentary CMA.  

INSPECTION

RESEARCH

RESARCH

 

EVALUATION

  • Area and neighborhood

  • Size or square footage.

  • Lot OR Acreage size.

  • Number of bedrooms and bathrooms: 

  • Other rooms

  • Number of floors

  • Construction age 

  • Amenities and features 

  • Proximity to local amenities

  • Recent or notable improvements.

The first step is property analysis. You have to analyze your property including a wide range of objective and subjective characteristics.

 

COMPARABLES

  • PROPERTY ANALYSIS

  • ORIGINAL LIST PRICE

  • CURRENT LISTINGS OF COMP PROPERTY

  • CURRENT PENDINGS OF COMP PROPERTY 

  • CURRENT SOLDS OF COMP PROPERTY

  • CURRENT PRIVATE SALES OF COMP PROPERTY

  • MULTIPLE MLS ACCESS

  • OTHER AGENT CONSULTS

  • BROKER OVERSIGHT

  • ONLINE DUE DILIGENCE

 
GENERATE REPORT
We don't believe in pages and pages of data that is hard to understand, hard to sift through.  We provide you with a hi def digital and print copy of your comprehensive analysis in a few short pages.  Images are crisp, numbers are easy to find, comparable properties that actually make sense to be in there.  After all we are eager to help you sell or acquire your perfect piece of real estate and data dumps that takes literally hours to sift through just isn't our style.  The same information is in there, it's just easier to read on our proprietary platform.  

REPORT
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