One of the most important pieces of information homeowners need when considering buying or building a new home, is knowing the value of their current home. A Comparative Market Analysis otherwise referred to as a CMA is a report prepared using properties that have recently sold that fall within an acceptable range as a comparable to the seller’s property.  Factors to consider when comparing properties will include many factors such as square footage of the home and the land, number of bedrooms and bathrooms, amenities, upgrades, effective age of overall mechanicals, improvements made to the property to name a few. Other influences requirements for zoning requirements, loan guidelines, and of course supply and demand. A CMA is different from an appraisal as an appraiser looks back in time to support value as of the date of the appraisal given historical data. A Comparative Market Analysis is based on similar information including recorded sales plus as your Realtor our professional experience gives consideration to current market conditions, supply and demand, interest rates, loan products, and more looking forward determining an accepted value range to expect your property to sell within.

A CMA is a very helpful to you as a seller and to your lender when prequalifying you for a loan and estimating the cash proceeds from your sale that may be used for the purchase of your new home.

IF you are interested in a Comparative Market Analysis report for your home, simply reach out and we will schedule a visit with you and gather information about your property.   Once prepare we will visit with you review the CMA with you, answering questions you may have about the selling process.

Roxanne Johnson

Broker, ABR, CRS, GRI