Master Home Pricing with Comparative Market Analysis Secrets

The Core Components of a CMA

A thorough CMA involves several key elements. First, it examines recently sold properties in your area that are comparable in size, condition, and features. This data provides a baseline for your home's value. Additionally, a CMA will consider properties currently on the market, offering a snapshot of your competition. Finally, it includes properties that were listed but did not sell, providing insights into pricing pitfalls to avoid. By integrating these components, a CMA delivers a comprehensive view of your local real estate landscape.