Are CMAs for Sellers or Buyers

Dated: September 5 2012

Views: 4221

ARE CMAs FOR SELLERS or BUYERS?

A CMA (Competitive Market Analysis) is usually a strong tool that we prepare for our seller clients to help them determine a "Listing Price". It can also be a very valuable tool for our buyer clients; as it provides the information needed to place an offer. A CMA provides both clients with recent comparable sold, active, expired and pending properties in a desired neighborhood (to understand the market activity in that particular area).                                                                                                                                                                                                                  

Active: Homes currently for sale and are your competition for buyers. They are not always indicative of market value because owners set the price.                                                                          

Pending: Formerly active listings that are under contract. Unless you know the actual sold price, they can be indicative of the direction the market is moving.                                                          

Expired: Homes that did not sell because they were probably unreasonably priced, were not marketed properly, or the home needs repairs.                                                                                          

Sold: Homes that have closed within the past three to six months and are your best indicative of the market value.

 The time to make your dream a reality is after you complete your search on the internet and consult with family members, friends, co-workers and neighbors about your ideal home.

Please give me a call to continue with the process.

 

Oscar Nieto – (915) 355-9305 – Oscar@exitwestrealty.com

Latest Blog Posts

Apr 18 2021 52008 1

What to know about forbearanceIf you own your home and are experiencing financial hardship as a result of COVID-19, you may be able to receive a forbearance plan.Entering into a forbearance plan can

Read More

Tax Season Is Right Around The Corner Did You Sell A Home This Last Year

5 Sweet Tax Deductions When Selling a Home: Did You Take Them All?By Margaret Heidenry | Feb 19, 2021 Feverpitched / Getty ImagesYou may be wondering if there are tax deductions when

Read More

Can I Buy Or Sell A Home Without A Real Estate Agent

Today’s real estate market is one of the fastest-moving in recent memory. With record-low inventory in many market segments, we’re seeing multiple offers—and sometimes even bidding wars

Read More