When clients are viewing homes of interest, they should always ask thier realtor:
QUESTION # 3: "Is this area growing or declining? Can I have a CMA for the area?"
I can pull all the
reports for this question. Most importantly the CMA – Comparative Market
Analysis. Don’t be confused. This is not the same thing as an appraisal. A CMA
simply shows stats on recently sold homes in the area or homes of similar
attributes. As a conclusion, a market value of the home can be discussed.
However, I cannot
steer a client in anyway. Steering is saying something like a neighborhood has
crime, or racial profile of the area. That is against the law.
In the reports it would give me market increase or decline for the area. This would lead into pricing history. Has the prices increased or decreased? According to other statistics I can predict if the area is growing or declining.
In the reports it would give me market increase or decline for the area. This would lead into pricing history. Has the prices increased or decreased? According to other statistics I can predict if the area is growing or declining.
