03/03/2022
Happy Thursday Tips! 📝
Comparable Market Analysis (CMA) shows reports of closed sales (active, expired, cancelled ones too) of similar homes in a particular area all the way back to years, if wanted, to see how a particular neighborhood was during a specific period or even just a few months back. It shows each property details of the house sold to easily compare to the subject property one is interested in.
Utilize CMA’s when searching to buy a home whether it’s looking to live in, lease, or invest because you want to see how the homes in the particular area/neighborhood you’re looking in have been holding up.
Utilize CMA’s when planning to sell your home as well, to list your home at market value as the listing price can truly affect how you attract buyers. Listing overprice can detract, listing underprice can cause skepticism from buyers, but the just right price will attract buyers’ interest and a faster sale. (**Peep the old Thursday Tip I posted regarding listing price importance**)
Who can provide CMA’s? Realtors! With our great CRMLS database system we are able to put together a CMA report for you within minutes! This is why having a realtor by your side for your home transaction is very resourceful as we are your resource. Having a CMA is a great tool for both you and your realtor to have to discuss and help you achieve your home needs/goals by viewing realistically how the market has been and looks like.
Hope this Thursday Tip provides some insight on tools you can utilize! Looking to buy/sell/lease soon? Send me a message for a FREE CMA report with no strings attached!
Have a wonderful Thursday! 🤗