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Get a FREE Home Valuation
Enter your address and zip code to find out what your home is truly worth! To get a free professional home value estimate, simply supply some additional information about your house. Getting home values from somebody who knows the local market is that simple!
What is a CMA?
CMA is an abbreviation for "Comparative Market Analysis." A CMA is the most accurate way for home sellers to determine their home's value, short of actual bids once a home is on the market. A REALTOR® is able to provide a CMA, which is then used to set the asking price for a home. While automated home valuations on the Internet can be fun, they are notoriously inaccurate. Therefore, a CMA is used to determine the true value of a house and to establish the best asking price.
Selling your home is not easy, especially in this market. The value of your home is difficult to predict and the information available to home sellers can be untrustworthy. Online house values are based on past sales, not current market factors. Further, newspaper listings give you some information about desired selling prices, but houses are usually so different that it's hard to compare. Who knows what the true recent sales prices for homes that were listed are, or what the actual home appraisal value happened to be, relative to the home's listed asking price?
The best way a home seller can learn his or her home's current value is to request a CMA, or Comparative Market Analysis, from a REALTOR®. Only a professional real estate agent can conduct an in-depth analysis of a home's worth, in your area and in today's market.
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