WHAT IS A REAL ESTATE MARKET ANALYSIS?

A real estate market analysis is often called a comparative market analysis (CMA). It’s basically an analysis of the current market values of properties, comparable to a property you are looking to buy or sell. A CMA is a helpful tool to determine the market value of your own property, especially if you are trying to decide an accurate selling price prior to listing.

Something important to note is that a real estate market analysis is different than an appraised value, which is determined by a professional appraiser. A comparable market analysis is considered subjective and gives the seller information on the value of similar houses in the area. While there are many factors to take into account when performing a real estate market analysis, I can help you navigate the details and ensure you understand the value of your home or if the home you have your eye on is priced right.

WHY SHOULD I DO A REAL ESTATE MARKET ANALYSIS?

You should always do a real estate market analysis, whether you are buying or selling a property and I’ll explain why. This analysis will help you understand the current housing market and how much properties similar to yours are worth

The information gathered through a real estate market analysis or CMA helps the seller choose a listing price and helps buyers see if the asking price is too high, low or reasonable. A CMA should always be conducted to make sure both buyers and sellers are getting a fair deal, based on the value of the property.

Contact me today for your free CMA.