Want to know the value of your home? |
Desire for more space? Downsizing? Change of family circumstances? Cashing out or avoiding foreclosure? Pending relocation?
What is a Comparative Market Analysis?
One of our best tools is a Comparative Market Analysis (CMA). When you first consider the possibility of selling your home, you will undoubtedly have some sense of its value, and at least a ballpark expectation of the price you can ask.
A comprehensive examination of recent transactions, known as the CMA, will give you a graphic and honest appraisal of local conditions. Month-to-month comparison and previous year statistics for sales, price adjustments, pending sales and withdrawn listings provide insight into trends. Market conditions in San Diego vary from one month to the next and can change dramatically over the course of a year. Sales statistics also vary from one neighborhood to another, and a volatile market will be affected by outside factors. The CMA, in the hands of a real estate professional, offers an in depth look at local sales, highlights trends, and details factors that benefit sellers and buyers alike.
The CMA can be used as an effective bargaining tool by potential buyers and their real estate agents. Neighborhood values, number of homes currently on the market, turnover, average price, age and demographics are all facts that are useful in the decision-making process.
What is a Comparative Market Analysis?
One of our best tools is a Comparative Market Analysis (CMA). When you first consider the possibility of selling your home, you will undoubtedly have some sense of its value, and at least a ballpark expectation of the price you can ask.
A comprehensive examination of recent transactions, known as the CMA, will give you a graphic and honest appraisal of local conditions. Month-to-month comparison and previous year statistics for sales, price adjustments, pending sales and withdrawn listings provide insight into trends. Market conditions in San Diego vary from one month to the next and can change dramatically over the course of a year. Sales statistics also vary from one neighborhood to another, and a volatile market will be affected by outside factors. The CMA, in the hands of a real estate professional, offers an in depth look at local sales, highlights trends, and details factors that benefit sellers and buyers alike.
The CMA can be used as an effective bargaining tool by potential buyers and their real estate agents. Neighborhood values, number of homes currently on the market, turnover, average price, age and demographics are all facts that are useful in the decision-making process.