1. Enter your property address. - We'll connect you to the best local real estate agents near you to generate a custom housing market analysis.
2. Tell us more details about your property. - What type of property are you looking to sell? This well help us give you comparable home values.
3. Get Connected - We'll reach out to confirm your request before connecting you with our network of Top Real Estate Professionals.
What is a CMA and how do you get one? Better known as a comparative market analysis or a comparable market analysis, a CMA helps determine what your home is worth compared to similar properties in the area that have sold in the last 4-6 months. In a nutshell, a CMA will help you understand how your home will fare against the competition. We will connect you with a real estate professional that will provide a CMA to save you the hassle of trying to figure out what your home’s worth.
To determine the value of your home, a real estate agent will compare your home to homes with similar square footage, age, amenities, upgrades, condition, and those which are located in the same neighborhood or a similar area. The more similar these comps, the better the price estimation. Keep in mind, CMA’s are very subjective because it may be hard to account for things such as the home’s curb appeal or what the home’s located near (ex. across from a railroad or power station). Finding a good agent that can help estimate the value of your home, based off these factors, is vital in determining the best list price.
Attempting to price your own home is rarely a good idea. We will help you find a real estate agent who will determine your home’s worth so you can be sure you’re getting the best price. Without the help of a real estate professional, your emotions can come into play, skewing the price. For example, you might feel that a recent remodel should increase the value of your home but if the remodel is specific to your taste and doesn’t appeal to the masses, it could actually bring down the value of your home. An agent will look at homes that have recently sold, without an emotional attachment, and recognize which attributes will appeal to the majority of buyers.
Other factors an agent will look at when compiling a CMA include when a property sold and certain characteristics of the home. For example, when looking at the sold dates of other properties in a fast moving markets, an agent will focus on sales from the last 2-3 months vs. longer. The characteristics of your home must closely match the characteristics of the comparable homes. For example, comparable homes should have the same number of bedrooms and bathrooms and a similar sized lot. Keeping comps as similar as possible give you the best footing for generating the best list price.
An agent may provide a second free real estate CMA report. These comparative home values would compare your home to similar, currently listed homes in your area. Based off of current competition, this CMA might lead to an increase or decrease in the estimated value of your home.
As you can see, a lot of value is derived from the compilation of a CMA by a real estate expert. The best way to get your home sold is to be in a competitive price range and a CMA will provide that. We look forward to hearing from you and connecting you with a real estate professional in your area that can provide a CMA.