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I need an estimate of the value of our property+next door?
Our Property @ 3113 Malcolm Avenue.
Next door SOUTH @ 3123 Malcolm Avenue
Asked By Eric R. | West Los Angeles = Rancho Park area, CA | 267 views | Tips Advice | 1 year ago
Answer(4)
Adrian Tridel
Adrian Edwards
A comparative market analysis (CMA) is an evaluation of the current market value of a property that is being sold or purchased. It is a process that involves the analysis of data and comparison of similar properties in the same market to determine the value of the subject property. The CMA is usually prepared by a real estate professional and is an important tool for both buyers and sellers.
The purpose of a CMA is to provide an estimate of the fair market value of a property based on its current condition and location, as well as the market conditions at the time of evaluation. This information helps sellers to set a realistic price for their property and helps buyers to make informed decisions about the price they are willing to pay.
The process of preparing a CMA typically involves collecting data on recent sales of comparable properties in the same area, as well as active listings and expired listings. This information is used to determine the price range for similar properties and to identify trends in the local real estate market. Other factors such as property features, location, and condition are also considered in the analysis.
A comparative market analysis is an important tool for anyone buying or selling a property. By providing an estimate of the fair market value of a property, it helps to ensure that the transaction is fair and equitable for all parties involved. It is important to work with a qualified real estate professional who has experience in preparing and analyzing CMAs to ensure the accuracy and reliability of the evaluation.
- 1 year ago
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You can reach out to a local realtor to give you an estimate. For a more accurate estimate, a realtor will have to know the condition of the property and see the layout of your home. Reach out to FastExpert, so FastExpert can connect you to an experienced realtor.
- 1 year ago
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Andre Patatanyan
truline realty
Hey Eric, I am a local in your area and I would have to see the property to give you an accurate evaluation. But range would be 1.3-1.8 for 3114 Malcom Avenue and 1.8- 2.4 for 3123 Malcom Avenue. You can reach out to me at (818)-681-2999 to get a more accurate valuation. That is just based on title I have no idea if you made the house bigger/smaller or the actual size and amenities.
- 1 year ago
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Looking at the addresses you provided, these two homes are not the same. A market analysis and home evaluation by a local Realtor would help you determine the current market pricing of your own home. An experienced agent found here on FastExpert can help you.
- 1 year ago
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