Get a Free Comparative Market Analysis Report
No matter how priceless you feel your home is or how much it is worth to you, the market is what really sets the price of homes, and what potential buyers want to pay. One way you can compare your home to others is to take a look at a CMA, or Comparative Market Analysis. The agents found here on bostonluxuryapartment.com can help you by providing you a CMA so you can get the most out of your property listing.
What is a Comparative Market Analysis?
A CMA is a type of report that is typically put together by a real estate agent right before you put your house up for sale. This report will give you detailed information about other houses in your area that are similar to yours in size, location, and other features. These houses were either recently sold or listed on the market. Ideally, a CMA will go back only about three months, giving you an up-to-date look at market prices. This will give the seller an average price that similar homes are going for.
A comparative market analysis will give you information like what the homes are selling for, how long they were on the market before they sold, and what their final sale prices were in comparison to their initial listing prices.
How to Use the CMA?
When you have a list of other properties that compare to your home, expert advice from your real estate agent, and even a possible home value appraisal, it makes it very easy to establish a competitive listing price. You may want to arrive at a price that is typically in the same range give or take $10,000 to $30,000 Anything higher maybe be out of range for potential buyers looking at a house similar to yours.
Putting your home up for sale can be stressful. You don’t want to add to this stress and frustration by setting the wrong price and possibly prolonging the sales process, or even worse, selling at a price far below the value of the home. By generating and getting a comparative market analysis, you can better prepare yourself with valuable information to make a realistic decision on what price to set. Fill out our form and one of the expert agents found here on bostonluxuryapartment.com will provide you a comparative market analysis!