What
is a CMA?
To obtain an accurate current
market value for your property, I can prepare a Comparative Market
Analysis (CMA) for your home.
Generally, you may want a CMA
prepared to help you decide the following:
- Approximately how much
equity do you have?
This may
be important to know if you are thinking about refinancing or
you are going through a divorce.
If you're
just thinking about selling but aren't sure what your house may
be worth, a CMA will bring you up-to-date on the current real
estate market in your particular area.
While many homeowners feel they can
estimate their home's value by comparing their home to others that
have sold in the same neighborhood, this is typically not an
accurate analysis. This method may suffice if you are only
interested in having a general idea of your home's value, but to
be more precise requires a more in-depth review of comparative
home sales.
Many varying factors go into the
valuation of a property and establishing what a buyer is currently
willing to pay. A real estate agent knows current market
conditions and is the best person to advise you on your home's
current value.
How detailed of a report you need
depends on your specific situation, and can be established with
the help of the real estate agent. In addition to providing you
with the current market value of your property, I can also be a
valuable resource for advice on what steps might be needed to
increase the value of your property and how to get the most money
out of your investment.
If you are interested in having a
CMA prepared for you, click here
now!
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