Real Estate in Outer Banks
Hugh "Scooter" Willey
252-301-2629252-301-2629

Free Comparative Market Analysis

What is a Comparative Market Analysis (CMA)?

 

A Comparative Market Analysis (CMA) is an evaluation of similar, recently sold homes (called comparables) that are near a home that you want to buy or sell here in the Outer Banks. Buyers, sellers, or real estate agents perform a CMA to establish a fair price range for the home under consideration. The price range from the CMA can then be used as a guide for deciding on an offer price or a listing price.

Basically, when I prepare a CMA it involves finding homes that are similar to the home being bought or sold, and conducting an in-depth comparison of its size, age, location, and features. It all boils down to one question: compared to other, comparable homes in the Outer Banks area, how much is this home worth? Answering that question involves looking at a fair amount of data on other homes in the current market.

 

Do you need a FREE comparative market analysis report? We can prepare a CMA for you! Please leave a comment below and we will be in touch with you shortly.