Friday, November 8, 2024 / by Jason Salem
A Comparative Market Analysis (CMA) is a crucial tool for homeowners looking to understand the value of their property. Whether you’re considering selling or simply want to keep track of your home’s market position, a CMA provides a detailed look at comparable properties in your area. Here’s a breakdown of the steps I take to create a market report, which includes an in-depth CMA to give you accurate insights into your property’s value.
Step 1: Gathering Market Data
To ensure accuracy, I use data from the MLS (Multiple Listing Service), specifically Realcomp, which shares information across most MLSs in Michigan. This allows for a comprehensive view of all comparable listings and recent sales near your property.
When gathering data, I focus on three main types of Listing Status:
Active – Homes currently on the market.
Pending – Homes that are under contract but haven’t closed yet.
Sold – Homes that have closed recently, provim ...
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home value, real estate value, realtor, cma, comparative market analysis, home selling tips, michigan realtor, property value, real estate market trends, selling your home
Friday, November 8, 2024 / by Jason Salem
Moving to Farmington Hills, MI: What You Need to Know
Farmington Hills, Michigan, is a vibrant city known for its welcoming community, excellent schools, and abundant amenities. Whether you're relocating for work, family, or simply a change of scenery, here are some essential facts and resources to help make your move to Farmington Hills a seamless experience.
About Farmington Hills, MI
Location and Size: Farmington Hills is a suburban city in Oakland County, just northwest of Detroit. It covers about 33 square miles, offering a mix of residential, commercial, and green spaces.
Population and Demographics: With a population of around 81,000, Farmington Hills has a diverse community that brings a vibrant mix of cultures, age groups, and family sizes.
Education and Schools: The city is part of the highly-rated Farmington Public School District, which includes numerous public schools known for academic excellence. Farmington Hills also has a variety of private a ...
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real estate value, realtor, jason salem, michigan realtor, property value, real estate market trends, farmington, farmington hills, michigan, moving