Beacon Light and Highway 16 Intersection Work Nears Completion at Valnova

Valnova reported that most Beacon Light Road and Highway 16 intersection improvements are complete, with final thermoplastic line striping as the last phase. What a CMA Actually Is A Comparative Market Analysis is how a real estate agent identifies the value of your property. We look at recent sales near your home, ideally within about a mile, then compare those homes to yours with adjustments.

In a neighborhood, comps should come from that neighborhood when possible. In a more rural setting, we may need to go farther to find good matches. With inventory low for years, solid comps can be hard to find.

The goal is at least three sold and closed homes. Pending or active listings are not the same as closed sales. Best case, your agent also calls the listing agents to uncover concessions that are not obvious in the MLS.

A $550,000 sale with a $10,000 seller credit toward closing costs means the real market value was closer to $540,000. How Recent Should Comps Be? I prefer closed sales from the last six months when possible, and I dislike using comps older than a year.

What the market is doing now matters. COVID-era peak sales with three-percent rates are not great comps when rates sit in the sixes and the market feels different. Why Your Agent Needs to See Your Home Adjustments are why a walkthrough matters.