Can A Comparative Market Analysis Help You?

imagesA Comparative Market Analysis (CMA) provided by your real estate agent is the good way of getting the most accurate estimate of how much you should list your property for. It is an informal estimate of market value, based on sales of comparable properties in your area. It generally takes into account various aspects of your home, including size, features, annual costs and reviewing comparable homes sold within the past year.

Most real estate agents will give you a CMA for FREE, hoping you’ll list your home with them. It includes valuable information on several recent sales such as how long each property stayed on the market, the difference between sale price and the asking price, comparison of notes on basic details like the number of bedrooms, bathrooms, square footage, amenities , year built, property taxes and more.

The CMA is an informative selling tool, but like any tool, it doesn’t work by itself. For this reason, the CMA will always need to be interpreted by a professional or with complete objectivity by the seller or buyer.

Remember, too, that the CMA is also a buying tool; it is considered just as seriously by the buyer and his or her agent. As you and your agent are going to use the CMA to ask the highest possible price for your home, the buyer is going to use it to find reasons to either choose or eliminate your home, and to arrive at the lowest price possible.

Finally, sellers must protect themselves and their home. Remember never  to allow random house-hunters into your home unescorted. A serious buyer will be working with a real estate professional or should be willing to contact your agent to schedule an appointment. Also, always lock your valuables away before an open house – the agent onsite will be monitoring traffic, but it’s impossible to be everywhere at all times.

Written by Olga Mayayeva, is NYS Licensed Associate Real Estate Broker at Exit Kingdom Realty. Visit her at http://www.realtorolga.com/

______________________________________________________________

If you are looking for Real Estate professional, but don’t know where to begin? Our team of professionals has unlimited resources at our disposal to help you find answers to all your Real Estate needs. Check out our website or give us a call…

Michelle Sturdevant, 713 572-5308, msturdevant@kw.com

Michelle Sturdevant Realty Group



Categories: Real Estate Advise for Sellers

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

1 reply

  1. of course like your website however you have to take a look at the spelling on quite a few of your posts. Many of them are rife with spelling issues and I in finding it very bothersome to tell the reality nevertheless I will surely come back again.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: