| Mizner
Towers
Comparative Market Analyses (CMAs)
04-Mar-2005 Statistical
analysis offers a reasonable yardstick with which to judge the fair value of your
home: what should it sell for, and how quickly should it happen? You can print
these portable document format (PDF) files using Adobe
Acrobat (available free on the internet, if you do not already have it loaded
on your computer).
(1)
CMA using recently "sold"
homes like yours, click
here. (2)
CMA using "currently listed"
homes like yours, click
here. SUMMARY:
We view every listing through two statistical microscopes. The first and best
one (#1 above) takes comparable sales in your area during the past 6 months and
compares them to your own home. This suggests your home should be listed for $1,260,000,
and it should sell for between $1,113,800 to $1,141,362 within 3½ months. The
2nd CMA approach takes "currently listed" homes and compares them to
your own (#2 above). It
has always been a questionable approach, often used by unscrupulous real estate
practitioners to suggest an inflated value for a home. The real estate person
"gets the listing" and then sits on it for a long time, using it to
sell other homes more favorably priced. The seller may eventually drastically
reduce the asking price in order to move the merchandise. In a best-case scenario,
the market finally rises to the originally-inflated price, and the home gets sold.
This
2nd CMA approach suggests your home should be listed for $1,506,220, and it should
sell for $1,487,625 in an unspecified time period.
Contact
Information Mailing
Address: 3755 Mykonos Court, Boca Raton, FL 33487
E-mail Address: E-Mail Kerstin or
E-Mail Temple
Direct
Phone: 561-241-6323
Cell
phone: 561-271-8121 (Kerstin) or 561-251-6187 (Temple)
Direct Fax #: 561-241-6358
Office
Address: Realty3000, Inc., A Millenium Ahead
21301 Powerline Rd., Suite 309, Boca Raton, FL 33433
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violation will be prosecuted to the fullest extent of the law. Disclaimer:
The information at this site and on this page is believed to be accurate, and
it is offered as such, with no guarantees or warranties, implied or otherwise.
All prices are subject to revision due to market conditions. Some information
may be compiled from RMLS, Inc., for the period covered by the web page information.
In such cases, the representation is based in whole, or in part, on data supplied
by the RMLS, Inc. RMLS, Inc. does not guarantee or is not in any way responsible
for its accuracy. Data maintained by RMLS may not reflect all real estate on the
market.
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