Skip to Content

Selling Your Home

 

Understanding Your Home's Value: The CMA Explained

What is a Comparable Market Analysis?

A CMA is the best way to determine a reasonable asking price for your home. Our analysis looks at properties that are similar or comparable to your home. It takes into account all of the variables that may affect the value and marketability of your home.

How are comparable homes selected?

Properties located in close proximity to your home that have similar characteristics (i.e., lot size, square feet, number of bedrooms, baths, etc.) are researched. Since our goal is to obtain a balanced view of the market, we look at similar homes that fall into four basic groups:

  • Currently listed homes identify the competition
  • Recently sold homes indicate what buyers are willing to pay
  • Homes with sales pending point to the current demand for this type of home
  • "Expired" homes that failed to sell, suggesting what buyers will not pay at this time.

Tim Emery

Realtor

Tim Emery