What’s Your Home Worth?
How do REALTORS® determine how much your home is worth? There are lots of ways, but the most common way that a REALTOR® will determine value, is through a CMA. What’s a CMA? In short, it is a Comparative Market Analysis… but what does that mean? Essentially, it is a method of compiling numerous properties that may be considered comparable to yours. These properties are made up of current active listings, recently sold properties, and sometimes expired listings.
It would be my pleasure to provide you with a free price evaluation on your home. That being said, I like all my clients to know, that every REALTOR® has access to listing and sales data which they use to prepare a Comparative Market Analysis (CMA) on a property. We all have the same data, and we all have varying opinions on price that are usually within the same range. The truth is, that the LIST price of your home is 100% up to you. Another, not so exciting truth, is that SALE prices are what dictates the market and future sale prices within each area of the city. This is what makes ‘pricing’ so critical in the sale process. The good news, pricing and negotiation are my strongest skills as a REALTOR®, so you’re in good hands!