Questions & Answers

Answers to commonly asked real estate questions

In Real Estate, a CMA is a comparative market analysis. A comparative market analysis is a tool used by real estate agents to estimate the value of a specific property by evaluating similar ones that have recently sold in the same area within a specific time frame, normally no longer than a year from the date the CMA is conducted.

Multiply the length by the width and it will calculate the total square footage of that area.

Designated Realtors are members of the Multiple Listing Service also known as MLS. It is a database established by cooperating real estate brokers to share information about properties they have listed for sale or rent so that other brokers with potential buyers or tenants can connect.

I always suggest buyers be prepared and pre-approved before they even start searching for a home. It gives you an idea of what mortgage amount you qualify for which will help you narrow down a price range to start shopping in, and how much money you will need for a down payment and is a valuable tool when making an offer to show the seller that you are ready, willing and able to move forward with purchasing their home.

It is the highest amount that a buyer is willing to offer a seller for the purchase of their home. It is the best a buyer is willing to offer and the final offer a buyer is willing to submit to a seller.

Traditionally the real estate commission is paid at closing by the seller.

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