A comparative market analysis (CMA) is an evaluation of a homes value based on similar, recently sold homes (called com parables) in the same neighborhood. A comparative market analysis is not the same as an appraisal, which is performed by a licensed appraiser. A CMA is prepared by a Real Estate Agent. Contact a Re/Max Professional, call me Patti Alonzo for the best market information concerning the purchase or sale of your home....
The CMA includes a fact-based portrait of the home including information such as number of bedrooms and baths, approximate square footage, size of major rooms, age of the home, property taxes, and desirable amenities such as fireplaces and pools.
Depending on the market the CMA will go back in time as long ago as a year or a month or week ago. The range can also vary. Some will just cover a few streets around your home. CMAs can cover areas as narrow as one or two streets surrounding your home, or as broad as an entire subdivision.
Contact a Re/Max Professional, call me Patti Alonzo for the best market information concerning the purchase or sale of your home.
Selecting the right price for your home is critical to how many buyers you will attract, what type of buyers (what kind of loan) and how long it will stay on the market as well as how long it will take to close. Price your home to high and it will show less often and stay on the market longer or even be taken off market temporarily. Pricing it too low will bring different types of buyers who may have different types of loans requiring certain lending stipulations leading to longer closing times and maybe even not closing at all for compliance... ALL THESE THINGS CAN COST YOU MONEY!
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