CMA What is a CMA in Real Estate?
A CMA is a Comparative Market Analysis. CMA is the term real estate Professional use when they conduct an in-depth analysis of a home's worth in today's market. The best part about a CMA is that when you ask for it from David Walker, Realtor it's free!
For the Home Seller a CMA is a method to learn their home's current value so they can select the best Listing price.
For the Home Buyer a CMA is a method to determine the current value so they can make an offer to purchase the home
CMA will tell you what homes are:
"Active" available for sale.
"Contingent-1st Right" means that an offer has been made and someone else has the Right to buy it first. (rarely seen)
"Contingent-Back up" means that an offer has been made and accepted by the owner. But, there is a condition that must be met before the sale can go forward such as the bank agreeing to take less money than they are owed.
"Pending" means that the home is in escrow and waiting for inspections, financing, etc.
"Sold" The property has closed escrow that means that the contract has been executed and there is a new owner of the property.
"Cancelled" The owner has decided not to sell the property.
"Conditional Cancel" The owner had decided to take the property off of the market, but there may be an existing contingency offer.
"Expired" The length of the listing contract has expired.
"Release From Showing" The property will no longer be shown
A CMA is not an appraisal. An appraisal is made by a licensed appraiser using only infomantion from simiular property that has been sold.
In most cases David Walker uses all data for the "track" or group of tracks that is near your home is located. The best CMA is one with many similar homes that has been sold recently near the subject property. However, one sometimes must tweek the CMA to remove dis-similar homes to the subject property.
|Would You like to have an accurate up to date sale history of this area? Showing all Homes for SALE, PENDING, and SOLD. A complete CMA will be sent to you without obligation or being put on a Spam list. Please fill out this General Request Form with the area you want know about, your Name, Email, and if you want David Walker to Call your Phone number. Don't forget to hit "Submit"
All Sales that are shown involved other brokerages both on the selling and listing side. Any involvement by Condohouse Realtors is clearly stated and highlighted in RED. All sales data is from many sources and is believed to be accurate but is not guaranteed.
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