What’s Your Home Worth?
A Comparative Market Analysis (CMA) is a report created by a real estate professional that estimates a home’s current value compared to similar properties currently for sale (or recently sold) in the same area. It’s a great tool for buyers, sellers or just those who are curious how their home stacks up to others in the area.
For Buyer’s
- Helps make an informed offer
- Offers guidance on price
- Provides market clarity
For Sellers
- Determines what home is likely to sell for
- Ensures home is competitively priced
- Provides negotiation leverage
For Homeowners That Aren’t Selling
- Provides a baseline for a future decision to stay or sell
- Tracks home equity and value
- Helps plan for renovations and improvements
What’s In a CMA?
Data
Size, rooms, age, condition, etc.
Comparable Sales (Comps)
3-5 homes sold recently
Current Listings
Other similar homes for sale
Pending
Nearby homes under contract
Market Analysis
Days on market, other local trends
Adjustments
Price changes made to account for differences (e.g., pool, garage, etc.) between home and other homes for sale
Valuation Range
Suggested price range
Interested in a free, no-obligation CMA? Let me know and I’ll be happy to run one for you! And oh, by the way…I’m never too busy for any of your referrals!
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