Home Buying

What is a CMA? The Competitive Market Analysis Explained

March 22, 2017 Posted by: Fred Hubbard

  A CMA or Competitive Market Analysis (sometimes called a comparable market analysis.)   First, let’s start with what a CMA is not.   It is not an appraisal.   And depending on who prepared it; it may not represent real market value.   Basically, a Competitive Market Analysis is a system borrowed from an appraisal method. It is called the sales approach to value.   I’m summing this up a lot so I don’t have to write 10,000 words.   Properties that have actually SOLD   In essence, the Sales […]

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March Puget Sound Real Estate Market Update

March 13, 2017 Posted by: Fred Hubbard

    Here’s what’s happening in the Puget Sound Real Estate Market   March 2017 For the last few months the narrative behind the Puget Sound Real Estate Market has essentially remained the same.   In January & February… Inventory was low and Real Estate prices were on the rise. That hasn’t changed, yet.   Home values did rise in Kitsap county the average sales price rose by 8.9%, in Pierce county 11.1% and King county 13.0%, compared to this time last year.   Inventory levels shrank to extremely low levels with just 17,309 total homes listed on the Northwest […]

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Find The Right Home in 5 Simple Steps

February 23, 2017 Posted by: Fred Hubbard

  If you have been following this blog series, so far you’ll have been able to…   Decide if Buying a Home is right for you and how to get a pre-approval.   The exciting part is about to begin… Now you are about ready to start looking at and touring potential homes.   But wait…   Before you meet with your Real Estate Broker, over at the home, and discuss how much you dislike or love the kitchen, bathroom, and floors, etc…   It’s best to do a needs […]

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