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A comparative market analysis is a crucial tool for estimating the value of real estate. If you’re a homeowner who is interested in listing your property for sale, a CMA will help you determine an appropriate asking price based on what sales prices similar homes in your area have received on the market. A CMA can also assist you in negotiating asking prices and coming up with competitive offers if you’re ready to purchase a new home.
Keep in mind that preparing a comparative market analysis is a convoluted process that requires access to complete sales data and knowledge of local and national markets, which is why it should be completed by a licensed real estate agent.
A general CMA comes from independent price estimates which are based on statistical models that aggregate available data to form an estimate of market value using AI software versus local experts. A general CMA is good when you are just looking for general information about your neighborhood.
A detailed CMA, prepared by a local real-estate expert who walks through your home or the homes in your market to verify their data or account for condition, which I do - ask me how I`d price your home in today`s market. A detailed CMA is necessary when you are ready to buy or sell.
Just click the "Get My CMA" button below and follow the directions for a general CMA. For a detailed CMA please contact us directly and we will be happy to develop a customized CMA specific to your property and needs.
Ronnie Screwvala
Let us know if there's anything we can help answer to make this important time stress free!
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