Are you thinking about selling your home? If you are you won't want to sell it for anything less than fair market value. On the other hand, by setting a selling price higher than what you should could be a mistake that results in a home that doesn't sell.

Before putting your home on the market and setting a price it is important to first have an estimate of your home's value. This can be easily accomplished by having an experienced real estate agent provide you with a CMA, which is real estate shorthand for "Comparative Market Analysis".  A CMA compares your property to similar properties in your marketplace. This is a good assessment of what your house could potentially sell for, and thus a valuable tool in determining your asking price.

The first thing an agent should do to provide you with the most accurate CMA is to inspect your property. Generally, this inspection won't be overly detailed (she or he is not going to crawl under the house to examine the foundation), nor does the house need to be totally cleaned up and ready for an open house. It should be in such a condition that the agent will be able to make an accurate assessment of its condition and worth. If you plan to make changes before selling, inform the agent at this time.

The next step is for the agent to obtain data on comparable properties. This data is usually available through MLS (Multiple Listing Service), but a qualified agent will also know of properties that are on the market or have sold without being part of the MLS. This will give the agent an idea how much your property is worth in the current market. Please note that the CMA is not an appraisal. An appraisal must be performed by a licensed appraiser.

If you're getting ready to sell, feel free to call or email me to request a complimentary CMA to help you determine the value of your home in today's market. Or, just complete the form below and I'll provide you with a CMA for your home based on the information you provide.