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How do you compare comps and cma to a 11 year home when the neighborhood is 20 to 30 years old an

I get a soft lo cma because nothing compares to it because of it is newer construction.What do I need to do to get a faie cma.
  • July 04 2012 - Bostonia
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Answers (6)

You should contact a El Cajon Real Estate Broker who can run a good set of statistics for you (CMA). They will take into account the new construction. You can also hire an appraiser who will provide you with a written report of the value.
  • September 04 2013
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your agent has to prepare a proper cma, with adjustments for age, condition, additions, location, market conditions and more..  I can help further if you'd like to contact me via email or cell  [Removed by Zillow Moderator. Please see our Good Neighbor Policy.]  Thank you
  • September 02 2013
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Comping homes is one of the most crucial steps a Realtor must take in order to determine a fair market value for either the Buyer or the Seller.  The age of the home may play some part in that analysis if it has some unique architecture or features that are not found in the surrounding area.  

What I have found is that Buyers are looking for homes that are in good shape, have been updated to some degree, yet still fit within the conformity of the neighborhood.  As long as your home or the home you are looking at does so, you should be okay.  I have yet to see the age of a home significantly impact a Buyer's decision on a purchase unless they are looking for an historic home.

Finally, Buyers determine the price any home will sell at, and if the comps in a specific neighborhood are at a certain price, you should still be fairly close to those ranges.
  • August 27 2013
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It's not new construction, the age of the home in your situation should have little or no bearing.
  • July 13 2012
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Age of home is a very small factor in my opinion. My buyers care more about updates than the age of the home. I compare updates before comparing age.
  • July 07 2012
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You make adjustments for the age of the home. You cannot look only at the age but also the modefications and upgrades. A 20 yr old might be more up to date tnan a seven year old. Age of a home is one factor.
  • July 04 2012
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