CMA Comparative Market Analysis

Using A Comparative Market Analysis As A Guide

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A Comparative Market Analysis (CMA) is the strongest tool we use when estimating the potential selling price for your home. As a member of the Board of REALTORS® with access to the Multiple Listing Service, we can prepare a report that analyzes comparable homes in your area. Using this valuable information, we can assist you in determining an attractive, yet realistic price for your home.

A Comparative Market Analysis highlights similar homes in your area that are:

Active Listings – Homes that are currently competing with yours for the attention of buyers. We can see what comparable asking prices are, but remember these homes have not yet received an acceptable offer.

Under Contract – Homes that have received and accepted an offer and give a good indication of realistic pricing.

Sold – Looking at the prices paid for recently sold homes provides the best foundation in determining your home’s most accurate market value. Once adjustments are made for square footage and features, we can make a qualified recommendation for the asking price of your home.

Expired – Homes that have gone through the duration of a listing period, but failed to sell. Many factors could be responsible such as lack of marketing or the home’s condition, but most often it is simply because the home was priced too high.

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