Prior to selling your property, it is essential that you are informed about homes with similar features as yours which have sold recently within your neighborhood. This will ensure accuracy when pricing your home resulting in a fast and profitable transaction. I use specific methods complemented with my experience within the local market to correctly price your property in Miami and South Florida area17ThRealty | List my home for sale today | My Home Values | Tips for sale your property | List my short sale
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The Comparative Market Analysis or CMA is an evaluation of similar, recently sold homes (called comparables ) that are near a home intended to be bought or sold. It establishes a price range based on current market activity that can be used as a guide for pricing a home. Buyers, sellers, and real estate agents perform a Comparative Market Analysis ( CMA ) when they are preparing to buy or sell a home.
When working with sellers to determine a listing price or with buyers to check value before offers to purchase, real estate agents do what is known as a comparative market analysis, or CMA. By going to sold property records, the real estate professional selects recently sold properties that are similar to the subject property and in the same area. By comparing these properties, and adjusting for feature differences, an estimate of value is made for the subject property.A thorough Comparative Market Analysis ( CMA ) would also include comparison to currently listed similar properties in the area. This would allow an assessment of the current competition and might lead to an increase or decrease in the estimate based on the sold properties.Also Known As: CMA, Comparative Market Analysis
In real estate, property values are not the same as property prices. Property value is an estimate of what a home or a piece of land is actually worth; the price may be higher or lower, depending on who has the best bargaining skills, who wants the deal most and whether there were any incentives thrown in to sweeten the deal.
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5930 NW 99 Ave Suite 8
Miami-Doral, Fl 33178
Miami Comparative Market Analysis (CMA)