Understanding a Comparative Market Analysis

Trying to determine how much your home is worth? Enter the Comparative Market Analysis (CMA).  We explain what data is included in tool used by agents to dissect the market and help sellers with the appropriate pricing for their home. After pulling the data on things like recently sold properties and active listings how much do agents add with their knowledge of the local market and any updates your home may have.   We also discuss how the value you may find for your home on your own doing research online or using a third-party tool is often different than what your local agent will have and why.  And while CMAs sound similar to an appraisal they are different and we share the differences and how CMAs are also a useful tool for buyers.