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COMPARATIVE MARKET ANALYSIS (CMA)
A FREE Comparative Market Analysis is a great tool for those who are considering selling their home. Competitively pricing Your home gives You the advantage of more prospective buyers making an offer. Mark English Real Estate will do an extensive in-depth analysis of your property which will help you in determining a good selling price for your home. Give us a call and we will be happy to help.
Many people think the appraised value of their home by an appraiser and the market value of their home are the same, but they are not. Typically an appraisal is done at the request of the buyer for the lender when a home is being purchased to determine its appraised value. A CMA is done for the seller, by a real estate agent, to help him determine a reasonable selling price.
Many times people try and price their homes themselves, but we have found when this is done, the homes are either priced too high or too low. Mark English Real Estate will help you evaluate a good selling price for your home. In today’s market homes that are priced well and show well still sell in a reasonable amount of time.
CMA’s are based on current local listings, pending homes sales and recent homes sold. The comparison should be done in the area where the home is located and the homes should be similar to the subject property. You, the seller, should take all this information into consideration when determining what a reasonable selling price should be. You should also visit other homes for sale and/or open house in his area to see how his house compares; this too will help to determine the sale price for your home.
If you would like a FREE CMA, please feel free to give us a call at 303-674-0148.