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CMA-
What is your house worth?
A
Comparative Market Analysis, or commonly known as a CMA, is report
generated from recent real estate activity in your neighborhood.
Your home is compared with similar homes in your neighborhood in
three levels.
The first
is properties that are currently for sale. These are properties
you want to consider carefully because not only are they
"actively" your competition, but, they give you a good
idea of what other sellers in your neighborhood are anticipating
to sell their house for.
The next
level is properties that are "pending" close of sale.
This means that the property is currently in escrow. Although
these give a good indication of what type of properties are moving
in the market, with regard to price it doesn’t determine what it
actually sold for because price is usually not released until the
close of escrow.
The third
level is properties that have already "sold," meaning
successfully closed escrow. This is probably the most important to
consider of all three because it plainly lets you know what buyers
are paying for homes like yours.
If
you have any questions, Please call
1-866-OC-House
© 2010 OC Home Finder Team.com - All rights reserved.
Written
By Shan Roberts
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