What is a Comparable Market Analysis?
A CMA is the best way to determine a reasonable asking price for your home. Our analysis looks at properties that are similar or comparable to your home. It takes into account all of the variables that may affect the value and marketability of your home. In Maryland, this information is readily available and can be provided by Robert McArtor with Maryland Homes Team. You can also Search for homes in Maryland with our extensive Datatbase.
How are comparable homes selected?
Properties located in close proximity to your home that have similar characteristics are researched. Since our goal is to obtain a balanced view of the market, we look at similar homes that fall into four basic groups.
- Currently listed homes identify the competition
- Recently sold homes indicate what buyers are willing to pay
- Homes with sales pending point to the current demand for this type of home
- "Expired" homes failed to sell, suggesting what buyers will not pay at this time
A home's market value is the perception of the buyer!
Sometimes, most often in a situation with multiple buyers, offers will be made that exceed the listing price. Buyers fall in love with a house so much that they are willing to risk that it might not appraise at the purchase price. This is where you need Advantage Real Estate Auction Sales, LLC. We can generate the kind of excitement your property needs and deserves with targeted advertising and walking the buyers through the process of buying at auction...Call us today for your free CMA and consultation.
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