CMAs & Why You Need One
A professionally done CMA will be the most accurate estimate of your home's value.
Setting the correct listing price for your home when listing it for sale is critical.
All your good work preparing your home to look perfect when it hits the market will be undone if you don’t price the home properly. Price it too high and you will sit on the market. Price it too low and you risk leaving a bunch of equity on the table.
The real answer as to what your home is worth is basically what someone is willing to pay for your home on the open market…not what Zillow or other online automated evaluation websites spout out, not what your neighbor’s home sold for and not what your gut feeling tells you.
While the prevailing market conditions will dictate how much your home sells for, a more accurate method of setting the list price is required to ensure that your home sells quickly and for the highest possible return on your investment.
A comparative market analysis of your home’s current market value performed by a knowledgeable local Real Estate agent is the best estimate of what your home will sell for once listed for sale. The agent will look at recent sales of similar homes in your immediate area and make adjustments for any differences between your home and those recent sales.
The CMA should provide you with the following:
- Recommended list price.
- Potential sale price range.
Pricing based on reality and real numbers is the way to go, otherwise, reality could bite if you rely on dubious alternative pricing methods.
HIRE AN AGENT TO HELP WITH THE SALE OF YOUR HOME
Today's market is unlike any other. One of the wisest decisions you can make is to hire a Real Estate Agent with the experience, knowledge, and expertise to help navigate the process of listing, marketing, negotiating terms, and selling your home! When you're ready to see what your home can be sold for in today's market, call one of our six LOCAL offices to connect with an agent for a FREE Comparative Market Analysis on your home. List your home with the MS Gulf Coasts' leading real estate company, Coldwell Banker Alfonso Realty.