The Gifford Group

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    • Our Team
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      • Map Search
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      • Cypress Homes
      • Katy Homes
      • Houston Homes
      • Land for Sale
      • Missouri City Homes
      • Fulshear Homes
      • Richmond Homes
      • Spring Homes
      • Sugarland Homes
      • The Woodlands Homes
      • Tomball Homes
      • New Construction Homes
      • Dream Homes
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      • For Lease Homes
      • Foreclosure homes
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      • Mortgage Calculator
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      • Home Buyer's Guide
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      • Divorce Real Estate
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      • Divorce Support
      • Divorce Videos
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      • What Happens To The House
      • FAQ
    • More
      • Seller Net Sheet Texas
      • Inherited property Homes
      • Contact Us
      • Home Listings
      • Houston HOA Homes
      • Need to Sell Fast Houston
      • My Divorce Real Estate

832.483.0829

The Gifford Group

Signed in as:

filler@godaddy.com

  • Home
  • Our Team
  • New Beginnings Blog
  • Home Search
    • Find A New Home
    • Map Search
    • Homes with pool
    • Cypress Homes
    • Katy Homes
    • Houston Homes
    • Land for Sale
    • Missouri City Homes
    • Fulshear Homes
    • Richmond Homes
    • Spring Homes
    • Sugarland Homes
    • The Woodlands Homes
    • Tomball Homes
    • New Construction Homes
    • Dream Homes
    • 55 Plus Communities Homes
    • For Lease Homes
    • Foreclosure homes
    • Advanced Home Search
  • Home Resources
    • What Is My House Worth
    • Apply Now
    • Capital Gains Calculator
    • Current Mortgage Rates
    • Mortgage Calculator
    • HAR Houston Homes
    • Home Buyer's Guide
    • Home Seller's Guide
    • Real Estate Market News
    • REAL ESTATE AGENTS
    • Owner Financing Homes
  • Divorce
    • Child Support Calculator
    • Divorce Real Estate
    • Divorce Buyout Calculator
    • Refinance Now
    • Divorce Checklist
    • Divorce Cost in Texas
    • Divorce Resources
    • Divorce Seminar
    • Divorce Support
    • Divorce Videos
    • Mortgage BuyOut
    • What Happens To The House
    • FAQ
  • More
    • Seller Net Sheet Texas
    • Inherited property Homes
    • Contact Us
    • Home Listings
    • Houston HOA Homes
    • Need to Sell Fast Houston
    • My Divorce Real Estate

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Don't Miss Out! Find Out What Your House is Actually Worth in 2023. You Might be Surprised!

THINKING ABOUT SELLING YOUR HOME? LEARN THE REAL VALUE Now

What is a CMA?  A CMA can help determine the value of your home based on similar sold homes.

What is a CMA in Real Estate?

Comparative Market Analysis Real Estate

What is a CMA? A Comparative Market Analysis evaluates homes that have been sold recently and are similar to yours (comps).  This information is gathered by real estate agents from the multiple listing service (MLS), which pools information from other agents on for-sale listings. 


A competitive marketing analysis is done by looking at homes that are similar to yours in terms of size and features. CMAs list properties that are currently on the market, pending sales, sold properties, and expired properties. The CMA will also include the low, median, and high price of your home, as well as the average and median days on the market you can expect for your home. Despite the fact that it's not an exact science, it is still a bit of fine art to know exactly what a home should be listed at. You should get a fairly accurate figure from a CMA regarding what a proper list price is. 


This can help you answer the question, "What is my house worth"?  Once we know how much your home is worth, we can tell you How Much Will I Make Selling My House?

  

A key point to remember is that the MLS is only available to real estate agents, which makes listing your home FSBO (for sale by owner) difficult. 


Yes, a current CMA is a priceless piece of information that we would recommend in every situation.  The good news is if you are wondering how much does a comparative market analysis cost?  As Professional licensed Realtors that can provide you a Detail CMA for free! 


Do you BPO, we can provide one of those as well for a small fee. See Below. 

Wondering about the Latest Real estate News? 


Get a complimentary Comparative Market Analysis today by contacting The Gifford Group.

Do I need a CMA?

Yes, a current CMA is a priceless piece of information that we would recommend in every situation.  

The good news is if you are wondering how much does a comparative market analysis cost?


As Professional licensed Realtors that can provide you a Detail CMA for free! 

Get mine Free comparative market analysis
What is my Home worth? We can help you find the value of your house. 
THINKING ABOUT SELLING?
What is Your House Actually Worth Today, in 2023?

What is the estimated worth of your Home?

A Comparative Market Analysis (CMA) shows the prices of comparable sales of houses in the neighborhood and would be a starting point to determine the value of your home. 

We are real estate agents that will take the CMA along with other information about your house to help determine the price. 

Get your Free CMA Today

Market Analysis vs Appraisal, and Why we recommend one over

Today we talk about a CMA vs home appraisal. We go into the differences and why we recommend the Market analysis first!


 We break down what a CMA ( Comparative Market Analysis) looks at.  


How can a CMA change over time?  How much an appraisal will cost you?  When can we use the appraisal?  

NEED AN ESTIMATED SALE OR PURCHASE PRICE FOR A PROPERTY?

Our Team also prepares Broker Price Opinions (BPO) for Real Estate Valuation

Professional REALTORS® prepare a Comparative Market Analysis (CMA) when listing properties for Sellers. Additionally, when a fully executed Buyer Representation Agreement is in place, we do this for Buyers in order to determine the estimated purchase price.   


A BPO is less expensive but less detailed than an appraisal prepared by a State Certified General Appraiser or State Licensed Residential Appraiser.    


The following disclosures will be included in all of our CMAs and BPOs as required by law:  

 “This represents an estimated sale price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.” ​      


Real estate license holders can offer an estimated sale price, listing price, or estimated worth.

BPOs and CMAs are not appraisals. Appraisals may only be completed by someone who is licensed or certified as an appraiser.  An appraisal usually runs around $500-$700.  

We you need an appraisal for in order to get a new loan, we can help! 

See more below. 


After we complete the BPO, if your property is exclusively listed for sale (without named buyer exclusions) within 21 days, the Fee will be refunded.   


Should you, as a buyer, enter into a written Buyer Representation Agreement with us, you will be reimbursed for the Fee when you purchase the evaluated property at Closing.


Do you need an appraisal or a Comparative Market Analysis when you are divorcing? 

What's the difference?

BPO Broker Price Opinion

Broker Price Opinions (BPO)

How much is my house worth?

Today we talk about the best way to determine the value of your home and 3 other ways to find the value of your home.  

We talk about the difference between the CMA vs appraisals. Which one should you use? 

WHAT DOES ZESTIMATE MEAN AND CAN WE USE IT?

Issues with Online Home Value Estimator

Right now, online home estimators are the rage. A home's value is estimated using algorithms, data from websites sites, and official records.   They are free to use. You just need to enter your house address in the search bar on the site, and you'll get an estimate immediately.   


Online estimators can only be accurate to a certain extent. Their results might be close to the market value or they might be way off!  


"Zestimates" might be a great starting point to get “in the range.”  


The accuracy of online housing data in larger cities tends to be higher. But if you have watched the news this past year, you will see how Zillow has gotten out of the home buying business since they were using the calculation to estimate the value of homes they were hoping to flip. 


Zillow lost more than $421,000,000 as the computerized "zestimate" are not as accurate as actually putting eyes on the property and taking a deep dive into what your home is actually worth compared to those true comps. For example, a home that is a few blocks over in a different neighborhood could be worth thousands less than your home even it is the same size because of the quality of materials, the size of the lot, or the school district it is zoned to.   

 

Opendoor complaints? Should I sell my house to Opendoor? 

A traditional realtor puts your house on the market and lets buyers bid on it, so it's possible you'll get less money for the house when you sell to an iBuyer instead.  


OpenDoor has agreed to pay $62 million to settle charges by the Federal Trade Commission,  which says the company’s claims that it helps people make more money by selling their house to the company rather than listing it on the open market were deceptive. 


Additionally, you'll likely pay more in transaction costs than if you used a traditional realtor. Realtors charge about 6 percent, while iBuyers charge 7.5 percent or more. On their websites, the standard fee is listed as 7.5 percent, but the exact fee will be communicated to you during the process. According to their own website, it could be as high as 14%! 

An investigation by MarketWatch of multiple transactions involving iBuyers shows that their offers bring in 11% less revenue than those of owners who choose to sell their homes on the open market, translating into a loss of tens of thousands of dollars. 


Opendoor, reports massive losses as well! $662 million in 2021.  


 The Gifford Group can also help you buy before you sell. 

Get preapproved to buy today!


Pricing should not be based on Zestimates.  

Despite the fact that these online calculators provide you with a value, don't consider them the end-all and be-all. Think of the values as a starting point. 


Current market metrics such as showing activity and the number of direct competitors (other current listings) are not taken into account by the Zestimate algorithm. 

Local professionals, The Gifford Group, do account for these important variables when determining list prices. Additionally, in today's market, it is common to set the list price at the low end of the market range in order to attract multiple buyers, who then bid against one another, ultimately establishing a value that is at the high end of the range or establishing a new range altogether. 


There are other ibuyers out there that want to take advantage of your lack of knowledge of your home's true value and buy it from you and then turn around and sell it for top dollar


Get your free Comparative Market analysis done by a local expert. 


Looking to sell your home fasters and for more money? Read our blog post that features 9 Tips to sell your home faster.  

Zestimate zillow wrong. Zillow got it wrong.

Don't be a victim to Zillow. 

Searching for a New Home?

Searching for a New Home? As Houston Realtors, we can help you do your Happy Dance. 


The Gifford Group can help! 

 Get Preapproved to buy, today!

May 2022 home sales vs 2021

Learn the latest Market Trends in Houston

The average price Stayed above the $400,000 mark in May of 2022.  The single-family home average price, the average price rose 14.3 percent to $440,670.

The median price climbed 16.0 percent to $351,000

Staying informed.

Latest Market Trends Houston Real Estate News  

Latest Houston Market Update
Get cash for your home. Contact The Gifford Group today

Need to sell fast?

Our team can help you sell your house fast and for the highest price.


We can help you sell or buy your home for cash.  

Sell for cash

What is my home worth? Here are sample CMA reports

Sample CMA The Gifford Group (pdf)Download
Sample 2 CMA The Gifford Group (pdf)Download

Complete Sellers Guide


Copyright © 2023 The Gifford Group llc - All Rights Reserved.

 

Amber Gifford, Trec Lic. #0732687

INFORMATION ABOUT BROKERAGE SERVICES 


Scotty Gifford TREC Lic. #0740987

 Information About Brokerage Services


Scotty Gifford NMLS ID # 2357310

mimutual  NMLS # 12901
Texas Real Estate Commission Consumer Protection Notice


 Broker is FYI Realty Katy.  INVEST IN YOUR FUTURE

We also have a Humble office, FYI Realty Humble  

Real Estate LLC, License #539679

 

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Broker is FYI REALTY, Lender is MiMutual Mortgage