Ask the Agent: This Month’s Question
What is a Laveen Home CMA?
A Laveen home CMA stands for Comparative Market Analysis for your Laveen home, and your Laveen real estate agent will use this to help you decide on the right price when you’re listing your home.
A Laveen home CMA will compare your home with sold and currently listed properties in your neighborhood. Homes chosen to be on the Laveen home CMA will have features similar to yours and will give you an idea of your home’s true value.
Active listings indicate the prices for homes currently on the market in your neighborhood – your competition – but don’t represent market values for those homes.
A more realistic way to establish price is by looking at sold listings. Sold listings tell you what people have paid for area homes in the last six months, and appraisers use these to determine market value. That’s what you really need to know.
Your Laveen realtor or agent will explain the importance of CMAs in establishing a price that will have your home sold quickly.
Ask your Laveen Realtor a questions here.
Comments(0)