What Is A Comparative Market Analysis or CMA
Meeting With Real Estate Professionals
So you’ve decided to sell your home and have a fairly good idea of what you think it is worth. Being a sensible home seller, you schedule appointments with three local listing agents who’ve been hanging stuff on your front doorknob for years. Each Real Estate Professional comes prepared with a Comparative Market Analysis or CMA on fancy paper and they each recommend a specific sales price.
It's a good idea to have a Professional Real Estate Agent prepare a Comparative Market Analysis of your home, versus homes that have recently sold and homes that are presently on the market. This will give you an idea of the value of your property.
Amazingly, a couple of the Real Estate Professionals have come up with prices that are lower than you expected. Although they back up their recommendations with recent sales data of similar homes, you remain convinced your house is worth more. When you interview the third agent’s figures, they are much more in line with your own anticipated value, or maybe even higher. Suddenly, you are a happy and excited home seller, already counting the money.