Here are Anthem West Home Sales in the past 6 months. For detailed analysis please call (623-512-0828) or send me an email since no two homes are identical, which is why choosing a sales price or offer price for a home can be challenging. That’s where the comparable market analysis, or CMA, can be useful.
What is a CMA?
The CMA is a side-by-side comparison of homes that have sold. Additionally, homes that have recently sold in the same neighborhood and price range. This information is further sorted by data fields such as single-family or condo, number of bedrooms, number of baths, postal codes, and many other factors. Its purpose is to show fair market value, based on what other buyers and sellers have determined through past sales, pending sales and homes recently put on the market. Consequently, Anthem West Home Sales are difficult to define so using an expert’s opinion is a must.
Comparative Market Analysis (CMA)
No two homes are identical, which is why choosing a sales price or offer price for a home can be challenging. That’s where the comparable market analysis, or CMA, can be useful.
CMA’s are created by the following technique.
CMAs are generated by a computer program supplied by your real estate agent’s multiple listing service (MLS). The MLS is available to licensed members only, including brokers, salespeople, and appraisers, who pay dues to gain access to the service’s public and proprietary data, including tax roll information, sold transactions, and listings input by all cooperating MLS members. Listing agents generate CMAs for their sellers. Buyer’s agents create them for their buyers. Each side know what current market conditions are for the homes they’re interested in comparing.
How accurate are CMAs?
The CMA is a here-and-now snapshot of the market, based on the most recent data available, but it can instantly be rendered obsolete by a new listing, or a change of status in a home with the same criteria.
Why? The market is constantly changing – new listings, pending sales, closed sales, price reductions, and expired listings.
Therefore, CMAs can vary widely, depending on the knowledge and skill of the person inputting the search parameters to the software as well as the number and type of data fields that are chosen. That means some features may not be included. The CMA should only be used as a tool only. Your real estate professional’s knowledge and advice is the key.
WHY YOU NEED A REAL ESTATE PROFESSIONAL
It’s probably crossed your mind to try to sell it yourself and save the sales commission. 70 percent of the homes for sale by owners are sold by agents. Nevertheless, there are some very good reasons why that would be a mistake. According to housing industry experts at HomeGain.com and Realtor.org, more homes listed by real estate agents are sold than homes marketed by owners. They sell more quickly and for more money. Homes listed by real estate professionals get more exposure and their sellers get more support.
Real estate professionals offer many advantages
Your agent should will invest to market and sell your property at the highest price achievable. Please ask for a marketing plan. If they do not want to invest in your sale, you have the wrong agent. The more knowledge and experience you have on your side, is a total win for you. Make sure that you ask for a marketing plan and an easy listing cancellation. I believe in trust, so you can depart easily with no issues.