The Importance of a Comparative Market Analysis

Comparative Market Analysis (CMA) 

 
Selling a property is a large undertaking that requires a lot of time and energy. It is important that you fully understand the value of your home to ensure that your efforts are worthwhile. Seeking out a free comparative market analysis will allow you to get a better idea of what your home is worth and keep you from selling yourself short. Here is everything you need to know about receiving and understanding a free comparative market analysis.
 
What is a Comparative Market Analysis?

A comparative market analysis is an informal appraisal of your property based on the final sale prices of similar properties in your area. The price formulated in a comparative market analysis is usually used as a basis for negotiating when listing a property on the market. It gives you, the seller, an idea of the fair market value of your property. A comparative market analysis is made from a collection of listings that have already been sold or are actively on the market and are similar in location, square footage, condition, and other factors. Comparative market analyses help the seller create realistic expectations and protect the buyer from overpaying for a property.

Who Conducts a CMA? 

As a Realtor, I am familiar with the housing market and have access to data regarding properties that have been listed or sold more recently, and thus can provide you with a more accurate analysis. There are also a lot of intangible factors to consider when figuring out the value of a home, such as view and appeal, and I will be able to estimate these variables for you.

Before you embark on the process of buying or selling a property, it is vital to know how much it is worth. Receiving a comparative market analysis will allow you to make well-informed decisions based on the state of the housing market. Understanding the data in the analysis will help you see how your property compares to similar homes on the market. 
 
I'd be happy to assist you in your FREE CMA to help you achieve the best list price and in turn the best sale price for your home. 
 
 
  
Laura Rustico
Century 21 Leading Edge Realty Inc.
www.laurarustico.com
Direct: (416) 846-6903
Your Home, Your Future...Your Realtor.

 

 

 

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Laura Rustico

Laura Rustico

REALTORĀ®
CENTURY 21 Leading Edge Realty Inc., Brokerage*
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