Comparative Market Analysis
In the real estate field a Comparative Market Analysis (CMA) is crucial to understanding the market as well as determining value of your home or someone else's. It works by comparing a home with other homes in the surrounding neighborhood that have recently sold or are on the market. It accounts for different amenities such as garages, granite kitchens, location, lot size, etc. Having a professional complete this in depth analysis helps homeowners to price their home accurately so that it will sell in a timely manner. This process is also done for a home that buyers are interested in. The Realtor will use comparable houses so that they may advise their client of what the market dictates the prospective home is worth. This process is crucial to home buying and selling. If you would like us to conduct a CMA for your home or a home you are interested in buying please contact us. This service is free and can be extremely valuable.