A CMA is a Comparative Market Analysis. A knowledgeable Realtor creates a CMA by searching for similar properties in your neighborhood and studying the price they are either listed at or have recently sold for. In addition, any upgrades, recent renovations, or advantageous location are all used to accurately calculate the highest possible sale price that will sell in the shortest period of time.

A few important features that help to estimate the value of your home in comparison to similar homes in your area include: size of the home/property, age & style, number of bedrooms & bathrooms, condition of the home, amenities & upgrades, and views & access points. By emphasizing your home’s best features, you can maximize its value when you’re ready to sell.

Being informed about the prices sellers are receiving in your specific neighborhood can help you gauge the potential value of your own home at any point in time.