There are a few ways to estimate the market value of your real estate. One is to use a real estate agent's comparative market analysis (CMA). This will compare your property to similar properties that have recently sold in the area. Another way is to use an online valuation tool. These tools can be helpful, but it's important to remember that they're just estimates. The best way to get an accurate estimate of your property's value is to have it appraised by a professional appraiser.
Which of the following is not a common method for estimating the market value of a home? A) Cost Approach B) Comparative Market Analysis C) Sale Price D) Substitution Approach
Which of the following factors is not considered when performing a comparative market analysis? A) Location B) Condition C) Amenities D) Square footage
Which of the following is not a factor that can affect the value of a home? A) Number of bedrooms B) Location C) School district D) Mortgage rate