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Thinking
about selling your home?
No one wants to sell their home for less
than fair market value. In the same way, failing to sell a home because
the price is higher than the market can be a costly mistake. These
situations are really two sides of the same coin. It is very important
to have an estimate of value that is provided by an experienced and
reliable source.
You may ask “What is a Comparative Market
Analysis?” A
Comparative Market Analysis, or CMA, is a real estate agent's
evaluation, based on local listing and sales data, to determine the
probable sale price of a property in the current market. Sellers can use
a CMA to help determine a list price. Buyers can use a CMA to help them
decide what to offer on a listing they want to buy. The accuracy of the
analysis will depend in part on the quality of the data and the skill of
the real estate agent who prepares it. The listings used for comparison
should ideally be located in the neighborhood, and they should be as
similar as possible to the subject property.
To get a complete picture of your local marketplace, the
CMA should include information about currently available comparable
listings, pending sales, sales that occurred within the last 6 months,
as well as information about listings that did not sell during the
listing period. These are called expired listings.
You can see that
providing a Free Comparative Market Analysis is a valuable service to
both buyers and sellers. Remember the service is FREE. Realtors chosen
to provide these CMA’s provide this service because they hope that by
being of service to you, they will have a chance to list your home when
and if you decide to sell. The service is Free. To request your Free
Comparative Market Analysis, submit the form below:
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