Punta Gorda Homes for Sale and other Punta Gorda Information!

What is a CMA? Why do I need a CMA?

November 8th, 2012 3:34 PM by Marianne Lilly

The Comparative Market Analysis (CMA) Helps You Set a Sale Price.  Ever wonder how much your house is worth?  


When you are interviewing REALTORS® to market your home, you'll be introduced right away to a priceless document—the comparative market analysis(CMA.) This is one of the areas in which the real estate industry really earns its keep—by showing you in black and white what your competition is. But like a sword, it is a tool that can cut both ways. You and your agent will use the CMA, among other tools, to determine where your home will stand in comparison to others which are on the market, and those which have recently sold to determine the highest possible asking price. Your buyer will use it to find ways to reduce his or her offer.

CMA's are about facts which can be qualified and quantified. The CMA is typically designed to give quick capsules of information such as number of bedrooms and baths, approximate square footage, size of major rooms, amenities such as fireplaces and pools, age of the home, property taxes, listing agent contact information and more.

CMA's can include homes that are currently for sale and those which have recently sold. They can go back in time as long ago as a year or a month or week ago. CMA's can cover areas as narrow as one or two streets surrounding your home, or as broad as an entire subdivision.

Get a Free CMA:
http://www.waterfronthomebuyer.com/MarketSnapshot

Posted in:General
Posted by Marianne Lilly on November 8th, 2012 3:34 PM

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Marianne L. Lilly - RE/MAX Harbor Realty

2815 Tamiami Trail
Punta Gorda, FL 33950