Before you think about selling your home, make sure you have done your homework, including doing a comparative market analysis or CMA. This will give you the facts you need to price your home accurately and fairly.
Trained real estate professionals have access to up-to-date geographic-related information about:
An area’s recent highest, lowest and average home sales prices
Active, pending and expired real estate listings
Comparable home sales
Market trends including the average number of days area homes remain on the market before they are sold
When you enlist a real estate agent to provide you with a CMA, you are likely to get more complete information faster. An agent will also help you to analyze the information in a comparative market analysis.
A CMA is in no way a price guarantee. There are many factors that go into pricing a home and some of them are very personal including a seller’s motivation.
Some sellers are financially distressed, or are under pressure to relocate for employment purposes and are willing to drop the price of a home for a quick sale. Other sellers are willing to wait for the right buyer to purchase his or her home at a premium price.
The depth of comparative market analysis reports varies. Call me today to receive a CMA on your home!
Ken Keegan
Real Estate Broker
(910) 523-0903 mobile
Email Me
www.KenKeegan.com
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