Builds & Buys

What is Comparative Market Analysis (CMA)? A CMA compares the property you are considering with similar properties recently sold in the same area. It helps estimate fair market value and ensures you are paying a reasonable price.

Why It Matters: Verifies if the asking price is justified in the local market.

Helpful Resource: Redfin CMA Tool
Who to Talk To: Real Estate Agent for a professional CMA

Investigating Neighborhood Quality Focus on crime rates, school ratings, amenities, and future developments to gauge the livability and potential value of the area.

Why It Matters: A high-quality neighborhood enhances long-term value and desirability.

Helpful Resource: GreatSchools.org
Who to Talk To: Local authorities for crime rates and community details

Understanding Market Trends Monitor property appreciation or depreciation, supply/demand, and broader economic indicators to evaluate a property’s current and future value.

Why It Matters: Helps identify if a property is undervalued, overvalued, or fairly priced.

Helpful Resource: Zillow Market Trends
Who to Talk To: Real Estate Agent with local market expertise

Crime Rates and School Information Essential for families or investors looking for long-term stability and returns in residential properties.

Why It Matters: Low crime and good schools significantly impact a property’s attractiveness and value.

Helpful Resource: CrimeMapping.com
Who to Talk To: Local law enforcement for in-depth crime data

Use Online Tools and Consult Local Experts Online platforms offer data on local markets, neighborhood quality, and recent sales, while real estate agents provide invaluable insights.

Why It Matters: Latest data + expert advice gives you a comprehensive view before making a decision.

Helpful Resource: Zillow
Who to Talk To: Local Real Estate Agent for personalized guidance