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A comparative market analysis (CMA) is a record of
what the buying public has been willing to pay in the past few
months for a similar home in the neighborhood. A CMA differs from a
formal appraisal. An appraisal is a report which is based only on
past sales in the last six months. It is usually prepared on behalf
of a mortgage lender who is loaning money on the property to a
buyer. A CMA is a more comprehensive report which includes
additional data on homes which are currently on the market, those
that are pending sale (under contract), and those which failed to
sell within the last six months. Unless you have a truly unique
property or there is a difference of opinion on value among
co-owners, a market analysis is usually enough to set a proper
listing price.
Please fill out the short form below with some basic
information and we will be glad to email a free CMA based on general
neighborhood statistics. If you'd like a more in-depth analysis
done, please give us a call and we will gladly go through your home
with you for a more accurate assessment!
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