As mentioned before in almost every luxury industry, high net worth individuals love and crave to work with experts in the industries ranging from cars, watches, and of course luxury real estate. It’s almost a given that buyer and sellers of luxury goods will want some form of written research an or comparison on direct competitors to a specific item and in this case home. Although we can never know what the market will do in the future, one thing we can do and have full control of is in the way we monitor and interpret what’s happening in the market place, to understand what’s selling and what’s not; but most importantly, at what price it is moving in the market place. This is where the essential skill of constructing a competitive market analysis comes into play and I’ll share the way I handle the construction of a CMA, and what I look for in doing so. (more…)
The following article Constructing the Perfect Competitive Market Analysis was first seen at SecretEntourage.com
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