No two homes are identical, which is why choosing a sales price or offer price for a home can be
challenging. That’s where the comparable market analysis, or CMA, can be useful.
As your Neighborhood Specialist, let's break down the number's. We'll explain our Target Marketing so we can get the best qualified buyers interested in your home.
I'll give you my customized 'Neighborhood Report', a great source to compare your home to other's close by. I keep track of Market Activity in the area. Review this report and see what has sold and how you may be able to profit from your own home sale.
TO SELL YOUR HOME: Call me now at 770-330-0864 for a no obligation phone consultation and I'll give you specific details for a fast closing.
What is a CMA?
The CMA is a side-by-side comparison of homes for sale and homes that have recently sold in the same neighborhood and price range. This information is further sorted by data such as type of home, number of bedrooms, number of baths, lot size, neighborhood, property condition and features, and many other factors. The purpose is to show estimated market value, based on what other buyers and sellers have determined through past sales, pending sales and homes recently put on the market.
How is the CMA created?
CMAs are generated by using property information from your real estate agent's multiple listing service (MLS). The MLS is available to licensed members only, including brokers, salespeople, and appraisers, who pay dues to gain access to the service's public and proprietary data, including tax roll information, sold transactions, and listings input by all cooperating MLS members. Listing agents generate CMAs for their sellers, and buyer's agents create them for their buyers so both sides know what current market conditions are for the homes they're interested in comparing.
How accurate are CMAs?
The CMA is a here-and-now snapshot of the market, based on the most recent data available, but it can instantly be rendered obsolete by a new listing, or a change of status in a home with the same criteria. Why? The market is constantly changing - new listings, pending sales, closed sales, price reductions, and expired listings.
CMAs can vary widely, depending on the knowledge and skill of the person creating the CMA as well as the number and type of data fields that are chosen. That means some features may not be included.
As informative as the CMA is, it should only be used as a tool and should not substitute for your real estate professional's knowledge and advice.
We look forward to working through all the details of discovery concerning your real estate values.
"You'll feel at Home with Us".
At Your Service,
Mike & Carroll Burns, REALTORS
Solid Source Realty, Inc
770-475-1130 x. 8735