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    What they have access to, which you do not, is the entire database of homes in your area that are for sale and listed in the Multiple Listing Service (MLS). They have to p
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    To some extent, doing a little research on what homes are selling for in your area puts you ahead of half of the homeowners in any particular market. Many homeowners base their assumptions of their home’s value solely on factors that have no real merit. They may look at things like: The Tax Assessed Value, “What I heard Sally got for her home down the street”, “What Uncle Joe got for his home across town”, or many other factors . . . none of which really have a solid foundation.

    What most real estate Agents and Brokers do, which is similar to the process of looking at homes in your area, is prepare a Comparable Market Analysis (some call it a Competitive Market Analysis). What they have access to, which you do not, is the entire database of homes in your area that are for sale and listed in the Multiple Listing Service (MLS). They have to pa

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    their assumptions of their home’s value solely on factors that have no real merit. They may look at things like: The Tax Assessed Value, “What I heard Sally got for her home down the street”, “What Uncle Joe got for his home across town”, or many other factors . . . none of which really have a solid foundation.

    What most real estate Agents and Brokers do, which is similar to the process of looking at homes in your area, is prepare a Comparable Market Analysis (some call it a Competitive Market Analysis). What they have access to, which you do not, is the entire database of homes in your area that are for sale and listed in the Multiple Listing Service (MLS). They have to p

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    e down the street”, “What Uncle Joe got for his home across town”, or many other factors . . . none of which really have a solid foundation.

    What most real estate Agents and Brokers do, which is similar to the process of looking at homes in your area, is prepare a Comparable Market Analysis (some call it a Competitive Market Analysis). What they have access to, which you do not, is the entire database of homes in your area that are for sale and listed in the Multiple Listing Service (MLS). They have to p

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    nts and Brokers do, which is similar to the process of looking at homes in your area, is prepare a Comparable Market Analysis (some call it a Competitive Market Analysis). What they have access to, which you do not, is the entire database of homes in your area that are for sale and listed in the Multiple Listing Service (MLS). They have to p
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    What they have access to, which you do not, is the entire database of homes in your area that are for sale and listed in the Multiple Listing Service (MLS). They have to pay subscription fees, often very high rates, in order to have access to that information; but you can bank on the fact that every active and licensed Agent in your home market has direct or indirect access to this database.

    With this information, they can establish a good range of value for your home. They’ll look at homes that are for sale, homes that have a sale pending, homes that have sold, and homes that have not sold. Understanding the information they have access to gives you insight into how they might calculate or estimate a fairly good Fair Market Value for your home. What you have to understand, though, is this: even though they all have access to the same inform

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