Comparative Market Analysis
What is your home worth today?
This question is not as simple as it sounds.
To simply say Joe down the block is listed for 500,000 or Mary sold her home for 269,000 last year is not a good way to measure the value of your home.
A CMA is not the same as an a appraisal which can cost many hundreds of dollars.
While a CMA uses the same tools as one would use for an appraisal, a CMA is more complete.
An appraisal looks only at homes that sold.
A CMA looks at what sold, what is currently on the market, and what has not sold after being on the market for some time.
This information becomes very valuable for anyone considering the sale of their home or considering refinancing their home.
Everyone wants to get the highest possible price for their home and if you are eager to get your home sold then you want it priced CORRECTLY.
If you are refinancing then you can get a very close estimate of what the appraiser will find FOR FREE!!!
A CMA will give you the approximate Market Price of your home on the day the CMA is performed. The market changes on a daily basis so this last statement is very important.
At LICMA we pride ourselves at providing the best agents to perform the most complete analysis of your home to yield you the maximum value for your investment.
See also 5 signs your home is overpriced.