Why You Should Ask Your Realtor for a CMA
So, you’ve made the decision to sell your home but are unsure of what to do next. Deciding to part with your home and move to the next one can be emotional. A Realtor can help guide you through the process.
You’ve probably formed an attachment to your home after having built a life in one place. Placing a monetary value on something as personal as your home can be difficult.
That’s why you chose a Realtor to help you price and place your home on the market. The next big decision that you need to make is the selling price.
Do you know how to place a dollar value on your home?
Ask your Realtor for a CMA.
What is a CMA?
A CMA is a comparative market analysis. This is a report comparing similar homes that have sold and are currently listed in or near your neighborhood.
The CMA looks at homes that have the same number of bedrooms and bathrooms, amenities such as a pool, along with the square footage of homes. The data will also show homes that are on you same block, street, and neighborhood. A CMA will also tell you when the homes have sold.
This information helps to give you a clearer picture of your neighborhood and the sale prices of the homes.
When you finally place your home on the market, it is important to list it at a competitive price. You want to make sure you get the best sale price for your home without undervaluing or overvaluing it.
Armed with this knowledge, you and your Realtor can make an informed decision that will get your house sold.
If you want your CMA done today. Contact us today.