CMAIf you would like to receive a Comparative Market Analysis for your home to see where you home might average out - simple follow the link and provide some basic information and I will send you one within 24 hours.
Area StudiesSometimes, the market activity for the area you live can influence your market time and suggested listing price, this scope exceeds the boundaries of your neighborhood, if you would like to see an Area Market study for your area, provide me with some basic information and you will receive your personalized study within 24 hours.
You will hear many real estate professional speaking of doing a CMA on your home, but what is a CMA? A CMA is a comparative market analysis; which is what enables a real estate professional to compare your home with other comparable homes that are on the market and that have recently sold (generally in the past 6 months) to develop a basis for a fair market value. This comparison will help me and you decide on the fair market value for your home within the current market. Once we have decided on a price, we begin to fine tune that price.
Homes are sometimes like people, each one is different. Square footage, floor plan design, bedroom layout, age, amenities, physical condition, curb appeal and so on, are just a few of the factors that will adjust the base line pricing that was discovered from the CMA.
At times, the term "fair market value" causes confusion. The definition has three basic parts - particular house - current condition - time frame (usually 30 - 90 days). Put simply, fair market value is the price at which a home will sell within a reasonable amount of time. A CMA will allow me to figure, using the above information, the fair market value of your home.
Remember that a CMA can also change during your selling time, depending on any fluctuations in the current market.
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