Americans who do not rent their living space are homeowners, and these homeowners will have a lot of factors to juggle. This includes not only buying a house and staying on top of maintenance, but it also means knowing how and when to sell that property for a fair price. Americans often move during the course of their lives, and while older Americans don’t move as often as younger ones, any homeowner may decide that the time has come to sell their current property and move out. This is a tricky and time-consuming process, but a homeowner does not have to attempt it alone. They can hire aid, such as real estate lawyers to protect and represent their interests during a sale, and these home sellers can also look to real estate agents and their CMA software. For those not aware, CMA is “comparative market analysis”, and performing comparative market analysis is quite helpful for selling a house for a fair price. Realtor CMA software makes comparative market analysis relatively fast, easy,
Recent projections and data have predicted that over the next ten years, there is going to be 80% of all residential growth taking place within suburban communities. Now, this may seem like a random statistic but it is incredibly important to how the real estate market will be affected. Because of this strong growth, homes will be more expensive in residential suburban areas according to comparative market analysis.
Millennials and younger generations managed to comprise just about 34% of all home buyers in just a year of 2017 alone. According to real estate experts, this percentage is going to increase over the years at a high rate. This is mostly due to the fact that younger people are looking to find their homes.
According to the National Association of Realtors, 56% of buyers 36 years old and younger found their homes online. So this means that younger people are going to better understand comparative market analysis than other generations because they can use Continue Reading No Comments