"And I can still hear my old hound dog barking"

"Chasin' down a hoodoo there."  CCR

This is becoming a common sight on the canals of Cocoa Beach with the older homes being totally taken down or gutted.
The listing we talked about last blog is still not official but should be soon, I will keep you posted.

We talk about CMA's quite a bit but I don't think people know what we are really talking about.  Comparative Market Analysis (CMA), to have a meaningful CMA the agent should try to compare apples to apples.  I always try to stay within a 6 month time frame since last year is last year and the market changes daily.  You should try your best to keep within 10% of square footage and within 5 year period of the date built.  Don't compare waterfront to non-waterfront even though we have had appraisers try to do this and then we have to appeal.  Don't compare riverfront to oceanfront even though we have had appraisers try to use this. 

In the end CMA's when done the right way are one of our most important tools and I try to use this for both buyers and sellers.  In fact it works better when used for your buyer because it gives the buyer a feeling of what other buyers have paid for similar listings.

Bottom line is like one of our clients told me the other day "as we both know the market value is what someone will pay"  Sound advice!

Jim Bagwell