Comparative Market Analysis

For Santa Barbara real estate and Montecito real estate
 

There are a few different ways of evaluating real property.  Each perspective has its strengths and weaknesses which provide a snapshot look at the valuation of a particular piece of real estate. 

Appraisals are a formal analysis of a property given to direct comparison of the subject property to the size and quality of the improvements, location and sales price of recently sold properties. 

Replacement cost analysis looks at the existing improvements and calculates the present cost of replicating them, discounting for age or condition, and adding to that figure the present value of the land. 

Market history analysis is the broadest; starting with the initial cost of the property; the base cost, and then multiplying that basis by the percentage with which the market changed for each of the following years of ownership to the present date. 

Market sales analysis compares the subject property in general to that of similar properties within the market segment of the subject property. 

Income analysis of real property pertains mostly to commercial real estate and the cash flow that a property generates or the income potential represented. 

Comparative market analysis takes into consideration some of all of these perspectives in addition to an interpretive factor regarding the uniqueness of the subject property and its perceived impact in the present market relative to buyer activity. 

A Realtor can provide you with a comparative market analysis.  The relevance will be in that person´s ability to understand and interpret the market.  Note; some are better at reading the tea leaves than others.  This analysis will become your starting point in the market and thus a basis for which potential buyers will compare value against alternative choices.

Please complete the following questionnaire to receive a complimentary comparative market analysis.  Required fields are highlighted.

Property Address:

Assessors Parcel Number:

Describe the improvements on the property:

First Name:   Last Name:

Day Phone Number:

E-mail:

Repeat e-mail:

This information should be enough to complete a general evaluation; a more accurate assessment would require a site visit.  Please contact me to schedule an appointment for a more in depth analysis.

* Yes, call me for an appointment.