Home Value Comparables Market Analysis Report

Triangle Compass offers free Home Value Comps Report prepared by a licensed North Carolina Real Estate Agent.

“Comps” is short for Comparables which are homes sold in the surrounding area that can be compared to the subject property based a on set of standards and criteria to accurately estimate home value. Comps are the basis for estimating a home value. We offer home value comps report estimates for the following counties in the Triangle and surrounding area of North Carolina:  Alamance, Caswell, Chatham, Durham, Franklin, Granville, Halifax, Harnett, Johnston, Lee, Nash, Orange, Person, Vance, Wake, and Warren.  At Triangle Compass Realty our customers get offered (3) three different levels of service from which they can choose all at no cost to them. By offering an accurate free home value estimate we hope that you will become our client and when you decide to list or buy your next home you can use are Real Estate agents to assist you in that process.

1. Basic Comps Report

The basic comps report is a quick analysis we provide from our local database that not only looks at Multiple Service Listings but also at local public record tax data. It provides property detail and characteristics based on county records, past ownership and sales history information. Included is always a list of comparables that are similar to the subject property, their sales price, sales date, address, distance and property details compared in a Side by Side view.

  • Property Detail: A comprehensive snapshot of a property characteristics, ownership information, sales history, and much more.
  • Comparables: List of other properties that are similar to the property you are viewing.
  • Market Trends: Charts, graphs, and other visuals on the current market trends for the property’s location.
  • Neighbors: Find all the neighbors located within a user-specified radius of a property.
  • Neighborhood Profile: An in-depth look at the neighborhood for the property, including the people (population), the housing statistics, quality of life information, and schools and other areas of interest.
  • Foreclosure status and details, if the property is currently in any stage of foreclosure.
  • Assessor Map (if available) of the property
  • Flood Map ( if available) you can view the Map

The report can be provided within 24 hours. To get a Basic Comps report call or text 919-440-6000 with your name, property address and email.

2. Detail Comparative Market Analysis (CMA)

For the Comparative Market Analysis report we look closer at the subject property and account for any differences by adjusting the values manually. This report also comes with MLS pictures of best comps and market trends and is typically provided within 48 hours. To get a detail Comparative Market Analysis report call or text 919-440-6000 with your name, property address and email.

  • Property Detail: View a comprehensive snapshot of a property characteristics, ownership information, sales history, and much more.
  • Comparables: Locate other properties that are similar to the property you are viewing to use in support of a list price recommendation.
  • Market Trends: Analyze charts, graphs, and other visuals on the current market trends for the property’s location.
  • Neighbors: Find all the neighbors located within a user-specified radius of a property.
  • Neighborhood Profile: Take an in-depth look at the neighborhood for the property, including the people (population), the housing statistics, quality of life information, and schools and other areas of interest.
  • Foreclosure: View foreclosure status and details, if the property is currently in any stage of foreclosure.
  • Assessor Map: If an Assessor Map of the property is available you can view the Map in a separate Map viewer tool.
  • Document Images: If any document images related to the property are available you can view the images in a special image viewer tool.
  • Flood Map: If a Flood Map of the areas is available you can view the Map in a separate Flood Map viewer tool.

For the Comparative Market Analysis report we look closer at the subject property and account for any differences by adjusting the values manually. This report also comes with MLS pictures of best comps and market trends and is typically provided within 48 hours. To get a detail Comparative Market Analysis report call or text 919-440-6000 with your name, property address and email.

3. Onsite Home Value Estimate

This service is sought after by home sellers that are interested in listing with Triangle Compass Real Estate at the most competitive and economic price we offer to list homes in the Triangle area. It includes the basic comps report as well as Comparative Market Analysis. To get an onsite home value estimate call or text 919-440-6000 with your name, property address and email.

How do our licensed real estate agents estimate property value?

Because no two parcels of real estate are exactly alike, each comparable property must be compared to the subject property for which price is being estimated and the sales price of the comparables is then adjusted for any dissimilar features. The principle factors for which adjustments must be made fall into four main categories:

1. Date of Sale

The comparables should be of recent sale preferably within the past 120 days. The age of comps is heavily dependent upon the market conditions within a particular area. In areas where past sales have been very stable for long period of time, comparables of 12-18 months may be acceptable. However, in a highly active market either with dramatic increases or or decreases dictate to use more recent comps of 6 months or less.

2. Location

Location makes a dramatic difference on property value. Typically for homes sold in urban areas comps may need to be added from several miles away from the subject property, while in the suburban area where homes are closer together comps that are within half a mile can be used accurately as long as the neighborhoods are very similar.

3. Physical Features
  • Age of the building – comps should be close to the age of a home typically no more than 10 year difference.
  • size of the lot – larger lot sizes will have higher value especially in suburban areas.
  • number of bedrooms, full and half bathrooms
  • total heated square footage – comps of usually no more than 10% differences in size are included unless there is shortage of similar properties
  • interior and exterior condition – are single most overlooked factors by instant value estimators. This is where a real estate agents can provide comprehensive research on recent property sales and examine their pictures to compare interior and exterior condition. Homes that haven’t been updated for more than 20 years are not in same ball park as homes that have. Market value of updated homes is always higher by degree of updates within a reasonable scope compared to the overall neighborhood price per square footage.
  • number of garages
  • fireplace, flooring, and so forth.
4. Terms and conditions of Sale

Sometimes properties sell for unusually high or low price because of a special relationship between the buyer and seller, i.e. parent and a child. If the transaction is not an arm’s-length transaction it can not be considered as valid or fair comparable.


How to request a MLS CMA Comps Report

You can request a MLS Comparative Market Analysis report by submitting a request through are Contact page. We will review your request and contact you within 24 hours to verify your request before doing the analysis and sending you the final results. The report will be complimentary for doing business with us in the past or future!

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