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    (386) 243-0124

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What is a CMA?

What is a CMA - Sell Your Home in North Florida

 

If you’re thinking about selling your home in North Florida, you’ve probably heard all about CMAs – but what is a CMA, and do you need one?

 

What is a CMA in Real Estate?

A comparative market analysis, which is commonly called a CMA, is a detailed report put together by a real estate professional before you put your home on the market.

A CMA will help you determine how much your home is worth and what buyers may be willing to pay for it.

Think of it this way: it’s like having your personal Kelley Blue Book for your home.

 

Do You Need a CMA?

Everyone who is selling a home in North Florida needs a comparative market analysis. It provides you with essential information.

If you price your home too low because you didn’t have a CMA, you’re leaving money on the table. On the other end of the spectrum, if you price it too high, nobody will buy it; the listing will become stale, and even if you lower the price, potential buyers may think there’s something wrong with the home because it’s been on the market so long.

 

How Does a Realtor® Prepare a Comparative Market Analysis?

Your Realtor will walk through your home with you to see how much space you have and what types of rooms you have. Your home doesn’t have to be in perfect condition at this stage – the Realtor is just trying to get an accurate picture of what your home has so he can compare it to other, similar homes in the area.

Once he’s walked through your home, your Realtor will begin searching through information about comparable properties in the area. He’ll look at properties that have sold within the last year, active listings and pending sales; he’ll also look at expired listings, because those can give valuable clues about what doesn’t sell in your market.

 

Are You Selling Your Home in North Florida?

If you’re selling your home in North Florida, we can help you find out what it’s worth. Get your free CMA here!

Posted in: Blog, Real Estate, Selling

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Search Smarter

Did you know the hottest North Florida land for sale often sells within days of being listed? Don't miss out! Set up your own custom property alert so you can be notified of the newest land as they hit the market! Simply click the button below and choose the types of North Florida land you are looking for and save your search to start getting alerts today!

New Property Alerts

As a local expert, I also have access to North Florida land for sale before it hits the market and can show you more information that is only accessible in the MLS. If you would like to set up a time to go over your real estate needs, please free to contact me contact me at your convenience. There is no obligation and or pressure... I hope to hear from you!

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