Check Home Values in Cerritos Fast
Estimate Home Values in Cerritos Without the Hassle
How’s the real estate market in Cerritos, California? Are home values in Cerritos going up or down? Is it a Buyer’s or a Seller’s market? Should I make a significantly lower offer than the list price?
Should I be more flexible with my asking price? Home many Cerritos homes for sale am I competing with?
Above are just some of the common questions potential Cerritos home buyers and sellers usually ask.
If you’re thinking of selling or buying a home in Cerritos in the near future, the three home valuation strategies listed below should empower you with timely, relevant and valuable housing information without costing you a penny.
Here are the 3 easy ways to estimate home values in Cerritos and other cities in Los Angeles and Orange County:
It’s completely free with no strings attached. Unlike other online valuation sites, Cerritos Living does not require you to register and enter your email address before getting a home value.
My goal is empower you with relevant real estate information fast and easy, and without the worry of being bombarded with email solicitations afterwards. Like you, I also believe in transparent and straightforward service and I hope you’ll choose me as your Cerritos real estate agent.
Cerritos Real Estate Market Profile (Single Family Homes)
What is a (CMA) comparative market analysis?
A Comparative Market Analysis (CMA) is an evaluation of similar, recently sold homes (called comparables or comps) that are near a home or homes that you want to buy or sell.
Buyers, sellers, or real estate agents perform a CMA report to establish and find a fair price range for the home the report is created for. The price range from the CMA can then be used as a guide to be used for establishing an offer price or a listing price.
Basically, performing a CMA involves finding the homes that are similar to the home under consideration, and creating an in-depth comparison of its size, age, location, and features of the home.
It all comes down to one question: compared to other, comparable homes in this area, how much is this home worth? Answering that question involves looking at a fair amount of data on other homes in the current real estate market.
The process for doing a comparative market analysis includes:
Defining criteria for selecting comparables in close range to the home
- Determine a list of quality comparables
- Evaluate the comparables within close range to the home
- Adjust comparable values for differences in size, condition, location, amenities, etc
- Estimate the ideal value of your target home based off the findings
If you don’t mind paying an appraisal fee, you can also hire a professional real estate appraiser. Note that appraisal fees may vary. You can find and compare real estate appraisers by visiting the Appraisal Institute website.
Online home valuations have improved significantly over the years but 100% accuracy is yet to achieved. It is best to ask a local real estate professional to provide a comparative market analysis but ultimately, the buyer will decide how much he or she is willing to pay for your home.
Michael Del Rosario is a licensed real estate agent serving Cerritos and surrounding communities in Southern California.