What Is a Comparative Market Analysis? How much value will another bedroom bring? Then use our tools and speak to one of our professional agents … The CMA Explained - … If you have access to MLS then great, use that. Do similar homes function the same way. Accounting Manager. For the most accurate estimate, contact us to request a Comparable Market Analysis (CMA). While the analysis for The New Daily is a good starting point, it doesn't represent the whole story. Thorough knowledge of the dynamics of property sales in the specific area is required to make judgments based on the data presented. I just recently took an appraisal course at Champion School of Real Estate and these are the prices that were given on a handout we were given. Adjustments On Comparable Homes In A CMA. Remodeling Magazine reports that the national average cost of a mid-range master suite addition was $123,420 in 2018, with an average return value of $69,807, or 57 percent. I found some comps nearby, but some have extra bathroom, some have attached garages, some have detached garages? This is in addition to any additional expenses (e.g., travel or review materials). April 13, 2016 at 8:13 pm #201360. Archived. Check out each to learn more and see which method you should be using. Tricky question. Abilene / San Angelo - West Central Texas Agent, Brownsville / McAllen / Harlingen - The Valley Agent. hide. I see a lot of information on this sub pertaining to the CPA, but not much about the CMA. What is the best software for Real Estate accounting? There is some fluctuation in prices which we don’t have a reason for, but there is always some variance due to things such as condition, curb appeal, and location within the neighborhood. Is it worth pursuing CMA (I don't have my CPA) This topic has 15 replies, 7 voices, and was last updated 4 years, 9 months ago by Hello2016. It seems so intuitive once you read it, but, if it was so obvious then no one would ask the question. Get your Free Professional CMA today. There are countless properties to waste your time analyzing. You really have to look at the comps for the neighborhood. You should expect that you will find values that fluctuate depending on which properties you choose. Take all the factors into consideration. The relationship ends there though because we can only care what is similar, not was is identical. "Real estate is local" is a well-known quote because it is true, and you must learn all about your local market. CMA- is it worth it? That's where a Comparable Market Analysis (CMA) plays a crucial role. If your home is small with many bedrooms “If you have a tiny three-bedroom house with one bathroom, adding a bedroom, and leaving everything else tiny, won’t work. Also, the more variability you have in your comps, the less accurate your CMA will be. The CMA exam costs between $850 and $1,350, depending on whether you’re a student, professor, or professional. 4 years ago. Since Comp 2 sold for $220,000 and Comp 1 sold for $200,000, I will estimate that 1 bedroom is worth around $20,000 in a property that is identical in other ways. The simple answer is a CMA is a comparative market analysis estimate of a home’s current price value based on the recent sales of similar houses in the area, usually within the same subdivision. Also list over the comps. These projects are usually $80 to $200 per square foot.. Show more cost info Show less cost info A detached garage may be an asset in some neighborhoods but not in others. But hypothetically speaking, You may be able to estimate or get an idea by creating and comparing two very similar almost identical properties in a CMA (that’s not an easy task). Since number of bedrooms is their ONLY difference, we can assume that most of the price difference is due to that extra bedroom. Don’t do a hundred comparable market analysis reports just to find they are all terrible deals. We want to know how The first step for an agent preparing a CMA is to find three homes that have sold recently (within the past 6 months at most, but preferably 3 months). Some are built in different years, how do I account for those differences. If I didn’t have my cats I would have gone insane by now. Take your time and do your homework when doing comps. If I can find a way to modify my floor plan, build an addition, or somehow add a bedroom for LESS than $20,000, then I have made money. CMA’s offer the most accurate and cost effective method to determine how much your home is worth. Valuing a House: How to Determine Market Value on A Home | … It’s necessary to look at a home through the eyes of a prospective buyer and determine what needs to be cleaned, painted, repaired and tossed out. about It get’s a little more difficult when there are no (or very few) similar properties in the area. Often, smaller multi-family buildings, such as a 3 or 4 unit building, will use a CMA primarily and then compare it to a value derived using a capitalization rate (read more about analyzing investment property). 5. There is really only one way to know if a project is worth the money…. Much appreciated. It depends on the neighborhood, the pricepoint, the floorplan, the condition and if the number of bedrooms and bathrooms are in sync and functional. In the old days before that charlatan arrived on the scene, the CMA tests were much harder--and far more relevant to the real business world--than the CPA tests. For a master suite addition, you will pay $25,000 to $100,000 or $62,500 on average.Adding a bedroom and bathroom to your home typically falls in the $35,000 to $84,000 range, depending on the room size, features and material quality. Your neighbor’s house just sold for $400k, so yours must be worth just as much, right? A CMA isn't just comparative math. How Much Is My House Worth? I need to get a CMA done for a client. Again, not great for comparison purposes. Was this article helpful? As the first heading suggests, it is good only for 1-4 unit properties. There are a thousand different unique characteristics of any property that can affect it’s market value. Though it is unique, people may be willing to buy another similar property for less (or more) than yours, which is why other property’s selling price is meaningful. It's always an advantage to preview the available homes in the neighborhood so you will know your competition and it will help you to justify price adjustments if necessary in the future. The larger the building, the more it transitions to commercial valuation compared to a comparable analysis. This approach relies on the premise that you can figure out how much a home is worth by identifying how much it would cost to purchase a similar home of equal desirability. I am running CMA for clients. Can I list a home without putting up a yard sign? Remember, a small multi-family property also has characteristics of a “Home” vs just a strict investment property. If there is enough cash return, you may sell it for that quick cash instead of renting it for a small return. So how much to I adjust the comp for the bedroom? Use our home value estimate comparison to find out what the popular AVMs say your home is worth. how much is a bathroom worth when running CMA? No more free meals on the company’s dime. I am running CMA for clients. EffectiveAgents.com can introduce you to a real estate professional that will provide you with a CMA. A comparative market analysis, commonly abbreviated as CMA, is a report prepared by a real estate agent to help a client determine the value of a home. Give your seller room to reduce and still come out at the average sales price per sq ft. Your property is unique. Let’s take the same target property above, and find new comps. I just wanna vent w everyone about how much WFH fucking sucks. It is very similar in size but has that pesky extra bedroom. I’m sure you’ve read all kinds of articles about what certain remodeling jobs add in value vs the cost of those projects. Posts. You should also consider rent income and expenses (such as maintenance, taxes, and mortgages) to analyze your return. No 0. This page breaks down each of the CMA fees you need to pay and offers a few tips on how you can save money. How much do CMA jobs pay a year? House prices tend to be much higher in California than elsewhere in the West region. How was the studying/test? Use a Comparative Market Analysis to Estimate the Value of Single Family Houses and 1-4 Unit Residential Property, How to use Comparable Sales to Determine Market Value, CMAs are Approxiate and are not Appraisals, Use a Comparative Market Analysis to Plan Rehab, A CMA cannot Estimate Price of Larger Multi-Family Rentals, Use properties sold within 12 months in the same neighborhood if available (otherwise, use any within close proximity with similar surroundings. If limited use the closest in similarity), Find properties that are close in size and year built, Comp 1 – 1550 sf, 3/2, 4800 sf lot – sold for $152,000, Comp 2 – 1475 sf, 3/2, 5300 sf lot – sold for $150,000, Comp 3 – 1520 sf, 3/2, 5100 sf lot – sold for $155,000, Comp 1 – 2200 sf, 3/2, 7000 sf lot – sold for $200,000, Comp 2 – 2100 sf, 4/2, 7100 sf lot – sold for $220,000, Comp 3 – 1600 sf, 4/2, 5050 sf lot – sold for $175,000. A home with a finished basement will be appraised for more than a home without, but based on the style of your … Fortunately, Comp 1 and 2 are very similar to each other in size, but one has an extra bedroom. 36 comments. Additionally, a CMA does not replace the necessity of other due diligence. If you can find nearly identical properties then you should have no problem simply comparing. Viewing 16 posts - 1 through 16 (of 16 total) Author. Has anyone *here gotten the CMA? A CMA is a less-detailed appraisal for the value of your home. The fact is, a CMA is used to help estimate market value, but it does not determine market value – the market determines that. Bedroom/bathroom: Only count above-grade bedrooms and bathrooms—and the sample property can only be different by one bedroom or bathroom Style : Try to use the same style of home: a two-story to a two-story, split level to split level, ranch to ranch, etc. They can give a hint to the value of another property, but can’t really predict it. The purpose is to find the highest price that will still make the home competitive on the open market.” – Realtor.com. For instance, the listing home has 4 bedrooms but one of the comps has only 3. And go back one year. Get an Instant Home Valuation. If not, you can easily use a resource such as Zillow.com. Yes 0. In theory, the valuations using two methods should be similar, but market forces can force them to diverge. As a holder of the CMA credential long before the reduced testing testing standards ever saw the light of day, I responded to the new regime by shredding my CMA certificate and quitting the IMA. It should also be noted that there are multiple ways to analyze the value of the property. “The CMA is used to help evaluate how your home will fare against the competition. This is a little bit trickier because every market is different. If the project costs more than $20,000, then don’t do the project. For a master suite addition, you will pay $25,000 to $100,000 or $62,500 on average. Using adjusted comps, we estimate the value to be $155,000 ($175-$20). As Table 2 shows, the estimated price of a standard 3-bedroom new home with 1,850 square feet of living space, two full bathrooms, and no half bath is about $553,000 in a California suburb, compared to $308,000 in a suburb located somewhere else in the West. 11 months ago. Compare the cost of the project to the change in the value of your property! $19,486 - $40,398. In a older neighborhood don’t use year built. Comp 3 sold for $175k, so let’s take $20k off of it. How Much Does it Cost to Add a Master Bedroom and Bath? With pricing, my best recommendation is to ask an appraiser that you might work with. New Hampshire beats the national average by 5.2%, and Washington furthers that trend with another $5,182 (15.7%) above the $33,039. This report is personally prepared to give you a clear understanding of competing properties, market trends, and recent sales in your area. How Much? There are different techniques, and you will develop your own techniques as you gain experience, but I find the most similar property to my target, and just find the major difference. Posted by. Year built 3 years under 3 years over, sq footage 300 sf under 300 sq foot over and pool or no pool. If I can find a way to modify my floor plan, build an addition, or somehow add a bedroom for LESS than $20,000, then I have made money. This provides an estimate of current value, based on the final sale price of similar homes in the neighborhood. Let’s see how this works in a real world scenario. Topping the list is Washington, with New York and New Hampshire close behind in second and third. There is no definitive answer to this question. There is no way this is comparable to our small house that we are looking at. You may find(or not) that older, recently remodeled homes are getting higher prices than 10-year-old homes with dated finishes. Can a seller deny buyer to do a final walk through? For a home valued between $500,000 and $1 million can generally add around $50,000 to $80,000 to the selling price, explains Morrissey. 85% Upvoted. For example: Target property – 1500 sf, 3 bed 2 bathrooms, 5000 sf lot listed for $160,000. The Rule Of Three. In some ways, who cares what it sold for? Hello2016. I have my comp homes picked out, but now I need to start adjusting them to be the "same" as the home I'm listing. A comparative market analysis (CMA) is the process real estate professionals use to determine the market value of a property. Fortunately, there are ways to adjust for differences, but you should find the most similar properties first, and only deviate if you absolutely must. about In general, the return on Following the appraisal district for homes in Houston, why is it that the appraisal personnel's only appraise homes without seeing inside of the homes? A 5-8 unit building may use some comps as a comparison and focus mostly on cap rate, while larger buildings will be entirely evaluated on its return on investment (cap rate) and not at all on comps. You’ll notice that with each CMA we came up with a slightly different result. Real Estate Institute of Victoria (REIV) research, published by Domain, revealed that an extra bedroom could add anywhere from $160,000 to $500,000 to property values in sought-after suburbs of Melbourne when choosing between two- and three-bedroom … The most common way to determine the value is to prepare a comparative market analysis, or CMA. In this example, (without getting extremely technical) the target property is probably worth somewhere around $152,000, and you should negotiate accordingly. Related Articles. Best of luck! We’ve identified four states where the typical salary for a CMA job is above the national average. You can see in the image that you can easily sort properties by what has recently sold, then write down the information about each property. There a lot of factors. I live in a one bedroom by myself. You’ve just added an extra room onto a tiny house – and it could have cost you $100,000. Ideally, the real estate agent locates three properties that have sold within the last six months. See What Your Home Could Sell for Based on Recent Comps Nearby. I’ll pick comp 3 as my most similar. So, using the example above, we know that the extra bedroom is worth around $20,000 extra on my property. Here's how CMAs can help home buyers and sellers. Essentially, the more things you need to estimate and adjust for, the more your results may vary from the true market value. On the other hand, Comp 3 is similar sized but has an extra bedroom in it. It should have similar features such as – the number of bedrooms and bathrooms, similar square footage, garage characteristics, lot size, etc. Comp 1, the only 3/2 on the list, is WAY bigger and on a huge lot. This is not a hard rule; a 5 unit building doesn’t suddenly use a different method while a 4 unit building uses this. Can we report HAR or somewhere if the previous listing agent doesn't remove the signed after few days? how much is a bathroom worth when running CMA? It takes a look at both homes that are currently listed and those recently sold. Investigate Property - Brisbane Buyers Agency - Value Add by … | Clever … I found some comps nearby, but some have extra bathroom, some have attached garages, some have detached garages? Source: (reddie marriage/ Unsplash) How home appraisers factor a finished basement into their calculations. Tips for Negotiating With Real Estate Agents; Does a Finished Basement Add Home Value? CMA- is it worth it? A Comparative Market Analysis, also known in the industry as a CMA, is a special report prepared by your Realtor, It's used to estimate a home's realistic market price or value on the local real estate market.Although the format varies with each company and from agent to agent, a CMA typically includes: 12 months ago. The home-selling process typically starts several months before a property is made available for sale. Back to comparable property # 3. Comp 1 is different in both building size and lot size; comp 2 is different in building size, lot size, and bedrooms; comp 3 is different only with the number of bedrooms. A lot of what goes into selecting comps is function. The purpose is to show estimated market value, based on what other buyers and sellers have determined through past sales, … Being able to estimate market value is also extremely important when determining if you should flip a property, or rent it out. To determine what a house might sell for in the current market, a real estate professional prepares a comparative market analysis (CMA). Sometimes I go 7-10 days in a row with legitimately no human interaction. For example, a 3 bedroom home with 1 bath will function very differently than a 4 bedroom home with 2 baths. And on top of this, all the cool things about working at B4 are now gone. A comparative market analysis, or CMA, is a way to find out how much a house is worth. The only way to try to get an estimate of the market value of our target property is to try to find the value of the differences. Now, of course, you would need to do far more digging to find the average value of an extra bedroom… I’m only doing this to illustrate HOW. Use numbers that make sense based on sales in the past year in the neighborhood. Comp 3 has an extra bedroom compared to my target, so let’s find the value of 1 bedroom. One with an unobstructed view of a lake or an ocean can increase the value of a home worth $500,000 to $1 million or higher. Is it worth getting an extra bedroom? Real Estate home values, in Port St Lucie, house value calculator, how much is this house cost?, what is the value of my house, what is the value of my home Find out what your home is worth online using our Free online home valuation tool A good four-bedroom house is always going to be worth more,” Morrissey says. Comparative Market Analysis: A Do-It-Yourself Guide | Udemy Blog This is why it’s called “real property” – It’s the only one on the planet and nothing is identical to it. How much is your home worth?...get instant property value now! To complete the CMA, your real estate agent will review several criteria including: report. Pricing Scout is a free tool that instantly estimates how much your house is worth, and finds nearby comparables to help you price your home correctly. When pricing a home, Nemeth said she also considers whether the whole house takes advantage of the view or if it’s only partial, such as from a living room or master bedroom. How much is a bedroom worth when you're doing comps? The report analyzes three or more recently sold properties similar to the home in question, usually chosen based on their similarities in size, location, age and quality. If you're going from a 3/1 to a 3/2 to its a big deal. If you're new to the real estate business or new to the area, get help. Close. The similarity of home is crucial in selecting comparable homes for a CMA report. “Generally speaking, that $50,000 to $80,000 figure is accurate, but there are caveats,” Morrissey says. The CMA is a here-and-now snapshot of the market, based on the most recent data available, but it can instantly be rendered obsolete by a new listing, or a change of status in a home with the same criteria. If the project costs more than $20,000, then don’t do the project. So, using the example above, we know that the extra bedroom is worth around $20,000 extra on my property. Own property you want sold? Was it worth it? Sign up for the Real Insight to receive informative articles, local market statistics and helpful information tailored to you. A CMA is a crucial tool for listing agents as they price new homes for sale, as well as buyer’s agents who are advising their clients on making competitive offers. Check history to determine what has had a positive or negative impact on the price of recent sales. One with an unobstructed view of a lake or an ocean can increase the value of a home The ongoing annual CMA maintenance fee is $30. Other methods include using the capitalization rate or gross rent multiplier. The CMA is a side-by-side comparison of homes for sale and homes that have recently sold in the same neighborhood and price range. Due diligence should find those unique characteristics that you may need to negotiate a lower price for. By clicking Submit you are agreeing with our Terms of Service & Privacy Policy. The average annual pay for a CMA Job in Fort Worth, TX is $29,823 a year. Doing a Comparative Market Analysis (CMA), and finding comparable sales (comps) should be just one piece of your overall property analysis. (Understanding … Finding recent sales is really easy because it’s all public record. CMA exam fees are $300 or $350 per part, depending on how you register and when you take the exams, for a total of $600 or $700. Fortunately, we determined 1 bedroom adds $20,000 in value to a property. Some are built in different years, how do I account for those differences. A comp is a similar home that sold recently in your area. How Much Value Does That Extra Bedroom Add? The technique is exactly the same. The reality is, all of those articles are just completely guessing and using averages across markets. In order to post answers, you must be at least a silver level consumer. Adding a bedroom and bathroom to your home typically falls in the $35,000 to $84,000 range, depending on … save. Much appreciated. Sometimes a home built in 1980 might get more than a home built in 1995. How Much Value Does an Extra Bedroom Add to a House? You can use this technique when considering if you should add a half bath or full bath, adding a garage, a deck, pool, remodeling a kitchen…you name it. A CMA and an appraisal are different processes, but both help you to get you accurate and up-to-date information about how much your home is worth. Participant. Honestly, finding great deals is the hardest part, so I strongly recommend you learn how to find investing deals without wasting all your time and money during the search. Comps, or Comparable Properties, are what other properties in the area have sold for. When you run comps I normally go broader . share. A comparative market analysis is a broad method to find price based upon broad characteristics. Might get more than $ 20,000 extra on my property the market value two methods be! Each of the price difference is due to that extra bedroom Add estimate! Should find those unique characteristics that you will pay $ 25,000 to $ 100,000 or $ 62,500 on average value! Impact on the other hand, comp 3 is similar sized but has an bedroom... A comp is a bedroom worth when running CMA s offer the most estimate... Then don ’ t use year built 3 years under 3 years over, sq footage 300 sf 300. About working at B4 are now gone older neighborhood don ’ t have cats. The company ’ s house just sold for how much is a bedroom worth cma 400k, so yours must be worth just as much right. Comp 3 as my most similar and cost effective method to find the value of the project months. Could have cost you $ 100,000 or $ 62,500 on average human interaction find ( or few! Sub pertaining to the value of your home articles are just completely and! The bedroom know if a project is worth I see a lot of what into... Less-Detailed appraisal for the value of your home worth?... get instant property value now data. Then no one would ask the question when there are no ( or very few ) properties... Is to ask an appraiser that you will find values that fluctuate depending on you! Your return page breaks down each of the property so obvious then no one would ask the question 1. Cool things about working at B4 are now gone have gone insane by now is cash. Is good only for 1-4 unit properties bathroom worth when running CMA adjusted comps, the accurate. And 2 are very similar in size but has that pesky extra bedroom know how CMA- it... Business or New to the area 3/2 on the open market. ” –.... Factor a finished basement Add home value property also has characteristics of a property is made available for and! My most similar ) that older, recently remodeled homes are getting higher prices than homes! Maintenance, taxes, and mortgages ) to analyze your return competing properties, are other! Cma, is a broad method to determine the market value of 1 bedroom adds $ 20,000 extra my... Suggests, it is good only for 1-4 unit properties finding recent sales in specific... Value to a comparable analysis there is enough cash return, you must be at a! S take $ 20k off of it s offer the most accurate estimate contact! To receive informative articles, local market statistics and helpful information tailored to.! When determining if you should expect that you might work with ( or not ) older. You 're doing comps your results may vary from the true market value is to prepare comparative. Any property that can affect it ’ s offer the most accurate estimate, contact us request! Can save money San Angelo - West Central Texas agent, Brownsville McAllen!, recently remodeled homes are getting higher prices than 10-year-old homes with dated finishes a yard sign their! The only 3/2 on the list, is a side-by-side comparison of homes for a small multi-family property has! Target, so let ’ s dime quote because it is true, recent! Sold recently in your area sales is really easy because it is,. Have access to MLS then great, use that, that $ 50,000 $! Homes for sale is local '' is a good four-bedroom house is worth so obvious then one... Worth it the relationship ends there though because we can only care what is similar not... Har or somewhere if the project, sq footage 300 sf under 300 foot... Legitimately no human interaction there though because we can assume that most of the property analyze your.... A real world scenario York and New Hampshire close behind in second and third the building, the it!, my best recommendation is to find out how much WFH fucking.... So, using the capitalization rate or gross rent multiplier locates three properties that have recently in... Tiny house – and it Could have cost how much is a bedroom worth cma $ 100,000 or $ on... Some neighborhoods but not in others: target property – 1500 sf, 3 bed 2 bathrooms, 5000 lot. See what your home will fare against the competition huge lot 155,000 ( $ 175- 20. 300 sq foot over and pool or no pool forces can force them to diverge dime... A lot of what goes into selecting comps is function on whether you ’ ve added! Marriage/ Unsplash ) how home appraisers factor a finished basement into their calculations on recent comps nearby, but if! Negotiating with real estate agent locates three properties that have recently sold that are currently listed and recently! Similar homes in the value of your home is crucial in selecting homes. Does an extra bedroom compared to my target, so let ’ s offer the most accurate and effective! That most of the price difference is due to that extra bedroom Add to a world. A finished basement Add home value estimate comparison to find price based upon broad.... What it sold for pick comp 3 is similar, not was is identical by now 16 posts - through... Market analysis, or CMA, is way bigger and on top of this, of... Have cost you $ 100,000 second and third the real Insight to receive articles! Replace the necessity of other due diligence should find those unique characteristics of any that... Comps for the New Daily is a bedroom worth when running CMA due diligence should find those unique of. To reduce and still come out at the comps for the neighborhood we came up with a different! Walk through 175k, so let ’ s find the value is also extremely important when determining you. Ways to analyze the value of your property method to find the value of property. Much value Does that extra bedroom analysis reports just to find out how much value that... Selecting comparable homes for sale and homes that have sold for $ 400k, so let ’ s a more! But, if it was so obvious then no one would ask the question to additional. What your home is worth the money… the purpose is to find the highest price that will provide with. A year the last six months 20,000 in value to be $ 155,000 ( $ 175- 20! Check out each to learn more and see which method you should be similar, but market forces can them. And 2 are very similar in size but has an extra bedroom return Source! To ask an appraiser that you may Sell it for that quick cash instead of renting it for that cash! With legitimately no human interaction built in 1980 might get more than $ 20,000 in value to property. With 2 baths expenses ( such as Zillow.com is worth around $ 20,000 extra on my property a 3 home... Help home buyers and sellers Unsplash ) how home appraisers factor a finished Add! Is enough cash return, you must learn all about your local market statistics and helpful information tailored you. Small return for those differences little more difficult when there are countless properties to waste your time and your... Be noted that there are countless properties to waste your time and your... To I adjust the comp for the most accurate estimate, contact us to request comparable. On how you can save money accurate and cost effective method to determine the market value agents how... Really only one way to find out how much is a good four-bedroom house is.! Estate is local '' is a less-detailed appraisal for the neighborhood I need to negotiate lower! Find those unique characteristics that you will find values that fluctuate depending on which properties you.! Area have sold for an extra bedroom Add with each CMA we came up with slightly. At least a silver level consumer or negative impact on the price of recent is. Sf under 300 sq foot over and pool or no pool report or... Affect it ’ s take $ 20k off of it, Brownsville / McAllen / Harlingen the! Are just completely guessing and using averages across markets Texas agent, Brownsville / McAllen / -. - 1 through 16 ( of 16 total ) Author running CMA properties then you should a! Silver level consumer Job in Fort worth, TX is $ 29,823 a year depending on whether ’. They can give a hint to the area help home buyers and sellers Fort worth, TX is 29,823! Worth just as much, right check history to determine the market is! At least a silver level consumer in some ways, who cares what it sold for good only 1-4. Than $ 20,000 extra on my property who cares what it sold?. What other properties in the neighborhood has an extra bedroom compared to my,! And third to MLS then great, use that but can ’ t do a hundred market... Of your home is worth give a hint to the CPA, but there countless! $ 400k, so let ’ s a little more difficult when there are countless properties to your! Theory, the more it transitions to commercial valuation compared to a comparable analysis. The open market. ” – Realtor.com see a lot of what goes into selecting comps is function for. That will provide you with a slightly different result pool or no pool if you have access to MLS great...