What’s one of the most important steps to take when selling your home?  Determining its value, of course!

There are many factors to take into consideration when establishing your home’s correct value. These include its location, age, size, condition, and what other homes like yours are selling for at this moment.

Real estate agents provide a valuation for your home in a report called a CMA (comparative market analysis). Knowing how to properly prepare a CMA is a big help when setting your home’s selling price and estimating the time it will take to sell.  As a REALTOR®, I take this responsibility seriously. My research efforts are thorough and I explain my findings to you in detail.

Here are more key points to keep in mind:

• There is a difference between a CMA and an appraisal. The CMA is based on the proper market price and is performed by the agent who has first-hand knowledge of the local market. An appraisal can only be provided by a licensed Appraiser, who is usually independent and works for a bank. Both of these reports serve a purpose; I counsel my clients on what’s best for their situation.
• REALTORS® have access to proprietary homes sales information because we are members of our local Multiple Listing Service.
• Home values you may see on home search websites are most often NOT accurate.
• Even if homes seem similar on the outside, there can be big difference in their amenities, condition, etc. I know how to discern and value these differences.
• The best CMAs are created AFTER an agent sees your home.

Contact me when you are in need a comprehensive CMA. My efforts have your best interest in mind at all times, and remember… I explain my findings so you have a clear understanding of yours home’s value.