CMA? What the Heck is a CMA?

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Need a Free CMA? If you're going to list your home for sale in any market, you'll want to be aware of the recent market activity in your neighborhood. It's a competition to get your home sold, especially if there are other homes in your immediate area.

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Everyone who has ever sold a auto knows they have to first find out how much it is worth and what people are willing to pay for it. It's easy to gather the information you need to set a price from newspapers, the Blue Book, or online used car sales sites. When you've gathered this information you can then set a price that potential buyers will find attractive. It's really pretty simple and requires very little pricing expertise. Selling a home is very similar! You have to know the lay of the land, the ball field of the competition when decide to sell a home in any market!

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If you want to sell your home, it's not so easy and it's certainly not simple. The value of your home is much more difficult to predict and the information available to home sellers can be untrustworthy. Online home valuation sites are fun to play with, but they are based on past sales, not current market factors. Newspaper listings give you some information, but houses are usually so different that it's hard to compare. Keep it simple and contact a REALTOR® who understands market activity and how to help you decipher the trends in recent home sales. You'll want to be up to speed BEFORE your list your house for sale and before the appraiser gets involved.

The best method available to home sellers to learn their home's current value so they can select the best sale price is a CMA, or Comparative Market Analysis. CMA is the term real estate agents use when they conduct an in-depth analysis of a home's worth in today's market. If you need to cut to the chase and get a professional CMA done for your property, most real estate agents will be happy to give you a head start on that task and provide you with a CMA on your property.

Call us to see what your home might sell for in today’s local real estate market – 405-414-5022

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