Comparative Market Analysis To Reach Market Price on the Rochester MLS
If you're thinking about selling your home and you don't want to sell it for anything less than fair market price, a CMA will aid you in your home sale.
Before putting your home on the market and setting a price, it is important to first have an estimate of your house's market price. This can be easily accomplished by having an experienced REALTOR provide you with a Comparative Market Analysis.
When a Century 21 REALTOR provides a Comparative Market Analysis, or CMA, it becomes a valuable tool for home sellers but can also be beneficial to home buyers. Some REALTORS confuse market value with market price. Market price is a dollar range based upon recent sale and provided by a REALTOR. Market Value is an exact number provided by an Appraiser.
A comparative market analysis performed by a REALTOR, or CMA, it is an evaluation of a home's MARKET PRICE based on local trends of properties that have SOLD in the recent months on the local MLS. It will cover information such as:
- How much homes similar to yours have sold on the local MLS service in the past 6 to 8 months or marketing cycle and in a close proximy to your home that will be for sale.
- How long these homes were on the MLS market before they sold.
- What your "competition" in the MLS will be if you go on the market immediately.
The MARKET PRICE RANGE I provide you will be dependant on your willingness and ability to sell. NO REALTOR CAN PROVIDE AN EXACT PRICE. ONLY A LICENSED APPRAISER CAN PROVIDE AN EXACT NUMBER.
Additionally, as a REALTOR, I will provide you a CMA at no cost and without obligation.