Found 1 blog entry tagged as Real Estate Value.

Understanding a CMA or Comparative Market Analysis vs. Relying solely on home sales data found online.


 
When many people look to find the value of their home on Staten Island, the first place they look for information usually begins online. It's not awful or even bad to do, but it's certainly far from a perfect science. The main reason is the highly subjective nature of what value is from a human perspective. After all, a computer cannot attain the specific and sometimes highly opinionated view that reflects the emotional aspects of a potential buyer.


Data alone, especially in today's real estate market, has a greater margin of error than at probably any point in the last five years.


 
One of the reasons, the volume of comparative sales today's…

1136 Views, 0 Comments