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Business Real Estate Preparing an Accurate Comparative Market Analysis
Business Real Estate Preparing an Accurate Comparative Market Analysis
| Preparing an Accurate Comparative Market Analysis |
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| Written by Marten W. Davis, SRPA |
| Sunday, 29 March 2009 08:01 |
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One of the most frequently asked questions by Realtors at Training Sessions that we moderate is how to prepare an accurate Comparative Market Analysis. The following is an outline of presentations given at Realtor Training Sessions. Be subdivision specific in both MLS and Public Records. Use recent data - no more than 3 months if possible. Especially important in a changing market. Living Area (if subject is 1250 SF then search from 1150-1350) is one of the most important criteria. Be sure to be within a maximum of 9 or 10% variation in living area. Eliminate sales having major differences (pool, water, room count, etc). Expand your search area a little and search by Grid if there are not 5-10 sales within the subject subdivision. A market grid will allow you to see and make adjustments as necessary to compare the sale to the subject and arrive at a value range. A Sample Market Grid is available free at: http://gulf-to-bay-appraisals.com/Market_adjustment_grid.pdf Marten Davis, SRPA About the Author: Gulf to Bay Appraisals serving the Greater Tampa Bay Area including: Tampa Florida. Marten W. Davis, SRPA principal of Gulf to Bay Appraisals. Get a totally unique version of this article from our article submission service Kindly provided by MoneyHunter.org You are welcome to use this article on your own website, if you include the link just before this text. |
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