A comparative market analysis (or “CMA”) is a report prepared by a real estate agent to help a client determine the value of a home. The report analyzes recently sold properties that are similar to the home in question.
Tag: Sarasota
You would not know it by driving through much of Lakewood Ranch, but the weakest link in the housing market is new construction according to the National Association of Realtors (NAR). Due to the Pandemic, there are still many homebuilders that are being conservative by staying on the sidelines.
Whether you are looking to buy, sell or invest in real estate, it is important to understand market conditions. Real estate is hyper-local, with market dynamics changing from subdivision to subdivision. However, county trends generally give you a good idea of what to expect.
COVID-19 sent shock waves throughout the real-estate industry. But did it make now a good time to buy a property? The answer to that question will largely depend on what you plan to do with the home — particularly if you are an investor.
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The Value of 1%
When you purchase a home, the real estate listing price and down payment is only a small part of the equation. Once you have signed the dotted line, paid the closing costs, and turned the key to your home, you have some new numbers to consider.