Comparative Market Analysis * 1st step is to know what your home might list for
Pricing your home is the first critical step in selling your home. If you price your home too low no matter how much commission, you save you have lost money. If you price your home too high, it will stay on the market too long and become stigmatized.
A CMA is a tool that real estate agents use to determine the best selling price for a specific property by evaluating similar ones that have recently sold and active properties in the same area.
CMAs are typically more reliable than computer models because they can include items other than geographic proximity and square footage listed on the tax records. Some of these items that can dramatically affect the value of your home and not considered by computer models would include condition of the home, presence or lack of updates, different school zones, different neighborhoods, views, and water access to mention a few.
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