CMA Results Home Buyers Can Count On

A Comparative Market Analysis (CMA), is the most effective tool, shy of a full appraisal, to establish a, fair market price, for the home or property you wish to buy.

Fundamentally, the preparation of a CMA involves researching recently sold homes (aka comparables or comps), near the ‘subject’ property, that have similar features, such as, comparable size, age, location and features.

The process of preparing a comparative market analysis includes:

  • Defining the criteria that will be used for selecting comparables
  • Determining a list of quality comparables
  • Evaluating the list and refining the comparables
  • Adjusting comparable values for differences in location, conditions, size etc
  • Estimating the current market value of the subject home

Although collecting the right information is key, the real science is the interpretation of the data.  Thoroughness here is critical and its why you want someone who knows what to look for.

A CMA is not an appraisal, which may be required if you’re financing your purchase, but they are both, in effect, an estimation of value.  The important question is, who will you trust to provide an accurate reflection of the market and how can the information be used to strategically present an offer to purchase a home?

I am proud to have a strong history of buyer success stories.  And they are backed by client advocates, and numerous awards.  Doesn’t that sound like someone who should be representing you as a Buyer Agent?

I welcome the opportunity to discuss how we can get the lowest price and the best terms for your next home purchase.

When you’re ready, let’s talk.  Call 203.994.1988 or send me this form.

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