Your home’s value relies heavily on the current market conditions of your community AND Neighborhood. These market conditions will give you a better idea of what your homes is really worth.
Instant Home Evaluators like Zillow’s estimate are comprehensive estimates and can be off by as much as 12% which is a LOT in today’s market. A FULL CMA (Comparative Market Analysis) on your home can give you a much closer estimate of your homes true value by finding out what homes that are comparable to yours have sold for recently.
A CMA includes information like:
- Comparative Properties that have sold and closed within the last 12 months
- Comparative Active listings – properties currently for sale
- Comparative Pending sales – listings that have sold but not yet closed
- Comparative Expired listings – properties that did not sell during the listing period
- A detailed report on your Home and the estimate of its value based on today’s market
What can you expect to see in the CMA that we prepare for you? A completed CMA is presented in the form of a report, which includes the all of the items below, suggested selling price, detailed information about your home, and the comparable properties that were researched to determine its value.