Comparative Market Analysis(No Cost Or Obligation) The first step in determining your home's value is a thorough analysis of the current market and the considerations impacting the anticipated sales price. The research is documented as a comparative market analysis and determines the fair market value of your home under current market conditions. Comparable properties that are currently for sale or that have recently sold are included in the analysis. They provide a base line from which to begin the comparison. Other factors considered in this comparison are: square footage, location, amenities, the physical condition of the property, and the effects of any existing financing on the home. The CMA uses the most current and reliable information from the Multiple Listing Service (MLS), real estate firms, and title companies in this community.
Fair market value is defined as the most probable price that can be obtained for a property sold at a particular point in time, under normal market conditions on the open market.
The price your property ultimately sells for will be greatly influenced by your motivation for selling, the motivation of the buyer, and market conditions at the time offers are received. It's also important to remember that a CMA is just an estimation and the price could vary up or down based on those motivations and any fluctuations in the market.
Submission to: Dick Barber/Broker-Owner
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