White Bedroom
Flowerpots
Festive Dinner Table
Apples
Small Green Plants
White Grey Kitchen
Bright Bedroom
Warm Interior
Posters on the Wall
Modern Loft
Sewing Studio
Nursery Room
Unlocking the Door
Moving Boxes
Kitchen
Urban Living Space
I'm an image title.
I'm an image title.

WELCOME HOME!

Home is where your story begins. It is a place to throw your feet up and relax, a place to gather and where memories are made. Let's connect, Jana Wiecks | REALTOR® | Fargo Moorhead Real Estate

Call Me! 701-271-6946

NEED TO KNOW...

94b62f025b617d971d87c43c6404042a.jpg

What is a Comparative Market Analysis

A home's price is a moving target—based on where it is, when it's listed for sale, whether it has that trendy open kitchen, all of it. So if you're tasked with pricing your own home before putting it on the market, how do you figure out how much your place is worth?

Home sellers pondering this question will no doubt hear they should figure this out by asking a real estate agent for a comparative market analysis, or CMA. But what is it? A comparative market analysis estimates a home's value based on the recent sales of similar real estate in the area.

Whether you're hoping to buy a house or sell one, understanding the CMA is essential. 

 

pexels-photo-106399.jpeg

What are Comps

Home shoppers might be wondering what are comps? Homes are unlike the majority of other things people buy in that the price isn't set in stone. Sure, the listing might include an "asking price," but as this term suggests, that's just a request rather than a hard, unwavering demand. And that's why comps are so important. So what exactly are comps?

Short for housing "comparables," comps are a way to help you figure out what a home is worth based on the recent sales prices of similar properties in the area. Home sellers (and their real estate agents) use comps to help them come up with their asking price, while buyers can use comps to come up with how much to offer. As such, it's an important concept for both buyers and sellers to master.

 

Top-Open-Houses-header.jpg

Why use a REALTOR®

Buyers and sellers are on separate sides of the fence when it comes to home sales. What one is trying to achieve is often diametrically opposed to what the other wants to see happen—the first usually wants to steal the property while the other wants top dollar. And yet, they share the same ultimate goal. They want a sale.

Both sides can benefit significantly from hiring a real estate agent to assist them, but their reasons can be different. 

REALTOR YOU CAN TRUST

NO TRANSACTION FEES

FREE MARKET ANALYSIS

GLOBAL NETWORK

CONTACT ME

ADDRESS

1815 38th St S

Fargo, ND 58103

ALTERNATIVELY YOU CAN FILL IN THE FOLLOWING CONTACT FORM:

 
  • Snapchat
  • Pinterest
  • Instagram
  • Facebook
  • Twitter
  • LinkedIn