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Did you know?
Homes priced within 1–3% of market value (typically determined by a CMA) often sell within 30–60 days, whereas homes priced ~10% above market can sit on the market over two months longer.*
How does a CMA work?

1. Compare similar homes
An agent looks at nearby homes that are similar in size, age, location, and features, focusing on ones that have recently sold, are currently listed, or failed to sell

2. Adjust for differences
Price differences are adjusted for features like square footage, condition, upgrades, lot size, and amenities to better match your home.

3. Determine a price range
Those comparisons are used to estimate a realistic price range that reflects current market conditions and buyer behavior.

4. Listing
You determine how much you're ready to sell your property for, and your agent gets to work! This could include advertising, posting online, using an MLS, and getting showings for your sale!
FAQ's
What is a CMA?
A CMA (Comparative Market Analysis) is a report that helps determine what a home is likely worth in today’s market.
It compares your home to similar homes nearby that have recently sold, are currently for sale, or didn’t sell, and uses that information to estimate a realistic price for your property.
Is a CMA an appraisal?
No. A CMA is not an appraisal.
A CMA is created by a real estate agent to estimate a home’s market value using recent, similar home sales and current listings.
An appraisal is done by a licensed appraiser, follows stricter rules, and is typically required by a lender during the mortgage process.
How much does a CMA cost?
I offer a complimentary CMA! Call, text, or contact me here on my website and I'll help you get an idea of your home equity!
What is my home equity?
Equity is how much of something you truly own. For a house, it’s the home’s value minus what you still owe.
Example:
If you have a loan for $100,000, owe $50,000 left on it, and the home is worth $150,000, your equity is $100,000.
Time for me to start your own complimentary CMA!
This is a sight unseen professional opinion based on data I collect. I will likely be reaching out to you for more information to ensure I am as effective as possible.
*Source: https://fargohomesearch.com/ignoring-your-agents-pricing-advice-why-it-tanks-your-home-sale/
