CMA

Why we do a comparative market study

Our clients are considerate people. They often say things like, “I don’t want you to spend a lot of time doing a market study, just tell me if you think the condo is worth what they are asking.” That's nice, but: We can’t give a professional opinion without doing the math! It is that simple.

Fair Market Value, and how to know what’s fair

In every market, I run into buyers who do not look at Fair Market Value (FMV) when they decide what a property is worth. That's a mistake. To negotiate the lowest possible price for a property, a buyer needs a Comparative Market Analysis (CMA) to determine the Fair Market Value (FMV). Properties sell for what

Watching the real estate market without going crazy

This article is designed to make you crazy, buyers. Prices are up. We all know that. But, by how much? Funny, they don’t tell you anything relevant to your search. There is no chart of local information. Just a couple of paragraphs about why the housing bulls are dancing the gig. When you see an