Establishing the market value of a home can be a challenge. There are multiple factors that need to be taken into consideration when drafting and offer. Some such factors are:
- Recent sales of comparable properties
- Location
- Size
- Age of property
- Property Features and Improvements
- Condition
- Etc.
My job as your Real Estate professional is to perform a competitive market analysis (CMA) on the property you are interested in making an offer on. Thus determining the fair market value of the property and giving you the best information to make an educated offer.