FREE Comparative Market Analysis; What Is Your House Worth?

(Comparative Market Analysis)

What is a CMA? The best method available to home sellers to find your home's current value so you can select the best sale price is a CMA, or Comparative Market Analysis. A CMA is the term Realtors use when we conduct an in-depth analysis of a home's worth in today's market. The best part about a CMA is that it's done for FREE!

If you want to sell your home, the value of your home is much more difficult to predict and the information available to home sellers can be untrustworthy in light of the number of foreclosures, pre-foreclosures and short sales currently on the market, pending sales and closed sales in Las Vegas, Nevada. Online home valuation sites are fun to play with, but they are based on past sales, not current market factors. Newspaper listings give you some information, but houses are usually so different that it's hard to compare.

When Should You Ask For A CMA?
If you don't get a CMA before you list your home you might try to sell it for the wrong price. Setting the price too low means you'll get less money for your home; setting it too high means it might not sell at all.

How Is Your CMA Prepared?
First, I will walk through your home. Your 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 I may recommend improvements to increase your home's value.

Second, I will research information about comparable properties in the area, using our real estate industry resource called the Multiple Listing Service (Las Vegas MLS). This includes:

Properties that have sold and closed within the last 3 - 6 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

Lastly, I will suggest a probable selling price. Don't be surprised if a CMA results in a price range rather than a set price, particularly if there are price differences due to property size, age, architectural style or physical condition.

What Can You Expect To See In Your CMA?
A completed Comparative Market Aanalysis presented in the form of a report, which includes the selling price, detailed information about your home, and the comparable properties that were researched to determine its value. Because the price derived from a CMA is somewhat subjective, it may also include brief statements on the perceived selling points of your home.

A CMA Is Not An Appraisal
A real estate appraisal is a comprehensive evaluation performed by an independent professional appraiser. With a CMA, the Realtor's experience in the business and familiarity with the local area can affect the accuracy. Typically, a Comparative Market Analysis is prepared by an experienced Realtor with good knowledge of the local market is right in line with your home's appraised value. A CMA can therefore be a very useful tool in a real estate transaction.

If you set the wrong price for your home, you could lose tens of thousands of dollars. Receive a FREE Comparative Market Analysis to ensure you get the most value for your home.

If you'd like for me to get to know you better or if you have questions regarding buying or selling in today's real estate market, I welcome the opportunity to be of service.

Oh, by the way, if you have any friends or family who are thinking of making a move and would benefit from our service, I would love to talk to them. Just give me a call with their name and number and I would be happy to follow up and take excellent care of them.

'Get Moving With Linda'

702-677-8796

From the Desk of Linda Strasberg

FREE Comparative Market Analysis