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Comparable Market Analysis Request
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What is a Comparable Market Analysis?
A CMA is the best way to determine a reasonable asking price for your home. Our
analysis looks at properties that are similar or comparable to your home. It takes
into account all of the variables that may affect the value and marketability of
your home.
How are comparable homes selected?
Properties located in close proximity to
your home that have similar characteristics (i.e., lot size, square feet, number
of bedrooms, baths, etc.) are researched. Since our goal is to obtain a balanced
view of the market, we look at similar homes that fall into four basic groups:
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Currently listed homes identify the competition
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Recently sold homes indicate what buyers are willing to pay
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Homes with sales pending point to the current demand for this type of home
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"Expired" homes that failed to sell, suggesting what buyers will not pay at this
time
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