Comparative Market Analysis

October 9, 2008 at 4:00 pm Leave a comment

A comparative market analysis (also known as a CMA) is an important form in any potential home sale. You wouldn’t consider selling you car without first having an estimate of its value, so why risk setting the wrong price for your home?

Many homeowners looking to sell their property think visiting websites like Zillow or Cyberhomes will give them an accurate assessment of their home’s current market value. While many web pages will allow you to input various answers to simple questions such as square footage, location, amenities, and the current condition of your property, an online home valuation report done from sites like Cyberhomes often gives homeowners a false sense of their home value.

Comparative Market Analysis reports have some features that resemble a home appraisal from a professional home appraiser. For an accurate CMA, homeowners need to consult a local real estate agent or broker.

Many real estate agents will gladly help you by providing a CMA at no cost. Real estate agents have years of business knowledge in the industry and know your local market.

If you are looking to purchase a home, a CMA is an additional service a buyer agent may provide you. Contact them, and they will probably be willing to provide a CMA to you at no cost, also. In order to fix a price on a home, the homeowner had to get an appraisal completed. Use the data found in a CMA to help you determine if the costs of the homes you are researching are justifiable.

To get connected with a local real estate agent for a free CMA, visit GetMyHomesValue.com and fill out your zip code in the box on the top right. Click submit and follow the directions on the following page. GetMyHomesValue connects home buyers and sellers with real estate needs to local real estate professionals.

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Entry filed under: Home Values, How Much Is My House Worth, Real Estate Evaluation. Tags: , , , , .

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