CMA Analysis

CMA Analysis

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What is a Comparative Market Analysis? 

A comparative market analysis (CMA) is an evaluation of similar, recently sold homes (called comparables) that are near a home intended to be bought or sold. Comparative market analyses establish the current market value of the home and are prepared by real estate agents. A comparative market analysis is not the same as an appraisal, which is performed by a licensed appraiser.

 

 

I offer a FREE CMA Analysis!

Receive a complimentary analysis of your home's approximate present value on the market today!

THE BEST METHOD AVAILABLE TO HOME SELLERS TO LEARN THEIR  HOME'S CURRENT VALUE SO THEY CAN SELECT THE BEST SALE PRICE .

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How is a CMA PREPARED?

First, I will walk through your home. The home does not have to be in perfect condition. However, property condition does affect price, so if you plan to do work on the property, let me know. At this point the agent may recommend improvements to increase your home's value. 

Second, I will research information about comparable properties in the area, usually using a real estate industry resource called the Multiple Listing Service. This includes:

  • Properties that have sold and closed within the last 12 months
  • Active listings - properties currently for sale
  • Pending sales - listings that have sold but not yet closed
  • Expired listings - properties that did not sell during the listing period

Included In The Home Analysis:

Ideally, this should include both objective and subjective elements, such as:

  • Square footage
  • Number of bedrooms and bathrooms
  • Land area
  • Number of floors
  • Construction age
  • A comprehensive list of amenities and features such as swimming pool, fireplace, etc.
  • Location, including proximity to major roads, marketplaces, schools, etc.
  • Subjective features such as views, design, style, etc.
  • Recent improvements, if any.

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Other interesting data shows...

That now, the HOUSING CRISIS is finally in the rear view mirror as the real estate market moves down the road to a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2016 will be the year that the housing market again races forward.

However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While buyer demand looks like it will remain strong throughout this winter, supply is not keeping up.

According to the National Association of Realtors’ (NAR) Existing Home Sales Report, homes were on market for an average of 58 days in December. This was slightly longer than the 54 days in November, but still better than the 66 days experienced in December 2014.

32% of homes across the country were on the market for less than a month!

 

That's GREAT NEWS...isn't it!?

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WHAT'S YOUR HOME WORTH? 

Call and receive your complimentary analysis of your home's approximate present value on the market today!

Don’t let your friends and family members get stuck with just an average agent!  If you or anyone you know is looking to buy or sell, or have questions about the process, please have them contact me.  I would be honored to help any of your friends and family members in any way!

 

ErinAnn Beebe REALTOR®, CRS®, WCR®
RE/MAX®Realty Group Rehoboth                                                
317 Rehoboth Avenue
Rehoboth Beach, DE 19971                                                                                      
Office: 302-227-4800  Fax: 302-227-2115

Cell: 302-236-9229
 

Contact Information

Photo of ErinAnn Beebe Real Estate
ErinAnn Beebe
RE/MAX Realty Group
317 Rehoboth Avenue
Rehoboth Beach DE 19971
Office 302-227-4800
Cell 302-236-9229
Fax: 302-227-2115