Get the free Comparative Market Analysis - Las Vegas Real Estate

Comparative Market Analysis Prepared for Judy Workman 1434 Briggs Court Las Vegas NV 89110 For property at 1434 Briggs Court DIANN TONNES EN Prudential Americana Group Realtors 871 Coronado Center

How to fill out comparative market analysis

How to fill out comparative market analysis:

1. Start by collecting data on recent sales: Gather information on properties similar to the one you are analyzing that have been recently sold in the same area. Note down their sale prices, features, and any other relevant details.
2. Analyze active listings: Look at properties currently on the market that are similar to the subject property. Take note of their listing prices, features, and any other relevant details.
3. Assess expired listings: Review properties that were listed for sale but did not sell. Identify possible reasons for their failure to sell, such as overpricing or unfavorable market conditions.
4. Consider market trends: Research and understand the current real estate market trends in the area where the property is located. This includes analyzing factors such as supply and demand, inventory levels, and buyer preferences.
5. Evaluate the subject property: Assess the property you are analyzing in detail. Take note of its features, condition, location, and other key factors that can influence its value.
6. Compare the data: Compare the recently sold properties, active listings, and expired listings to the subject property. Look for similarities and differences in features, size, location, and condition.
7. Determine the value: Based on your analysis and comparison, estimate the value of the subject property. Consider the current market conditions and make adjustments for any significant differences between the comparable properties.
8. Prepare a report: Summarize your findings and conclusions in a well-organized report. Include details of the comparable properties, your valuation methodology, and any applicable market data or trends.

Who needs comparative market analysis:

1. Homeowners and sellers: Individuals who are looking to sell their property can benefit from a comparative market analysis to determine an appropriate listing price. It helps them understand the current market value of their property and make informed decisions.
2. Real estate agents: Agents use comparative market analysis to assist their clients in pricing their properties accurately. It helps them provide expert advice based on market trends and comparable sales.
3. Buyers: Potential buyers can use comparative market analysis to assess whether a property is priced fairly and to negotiate a reasonable offer. It provides them with valuable insights into the market value of the property they are interested in.

For pdfFiller’s FAQs

What is comparative market analysis?

Comparative market analysis is an evaluation of similar homes in the same area to determine a fair market value for a property.

Who is required to file comparative market analysis?

Real estate agents, appraisers, and individual property owners may be required to conduct and file comparative market analysis.

How to fill out comparative market analysis?

To fill out a comparative market analysis, gather data on comparable properties, assess their similarities and differences to the subject property, and determine a fair market value.

What is the purpose of comparative market analysis?

The purpose of comparative market analysis is to determine an accurate and unbiased estimate of a property's value based on market conditions and comparable properties.

What information must be reported on comparative market analysis?

Information such as property details, recent sales data of comparable properties, market trends, and adjustments made to account for differences between properties must be reported on comparative market analysis.

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