What in the world is a Realtor talking about when they say they will provide or give you a CMA? What does CMA stand for? The first thought of the Country Music Awards would be a far cry from what I will be discussing. A CMA is a Comparative Market Analysis; also know as a Market Report. This is a tool at a Realtor's disposal that contains a wealth of information on homes within a specific area. Most Realtors, including myself, provide these for people free of charge. Here is an example of one:
(This example is from a CMA I made back in April 2016. The properties used here are within a third of a mile of 1519 Ty Cobb, Round Rock, TX.) The Realtor will find properties close to the subject property and with similar attributes. A subject property is the property that is being compared to/against. The market report will give an indication what homes in the area are worth by using homes currently on the market, homes that are under contract, and homes sold within the last 3 months. The best piece of information in this report is the sold prices that match the subject property. Upgrades and/or improvements adjust the values for the subject property or comparable properties. Examples of such upgrades, not exhaustive, can be a garage (2-car vs. 3-car); floors (tile vs. carpet); and counter-tops (granite vs. laminate). Using a skilled and knowledgeable Realtor who can understand these reports can give a client (buyer or seller) an edge in a deal.
So if there is a property that you want a CMA done on, feel free to call or email me: firstname.lastname@example.org
Austin is known as the Music Capital of the World, but it should also
"NY Seller Clients - April 2016
I know Violet from her New York days, so when my wife and I wanted to sell our country home we called Violet for some advice, thinking she may give us some helpful hints- well she did that and more! She told us about her relocation referral department and offered to help us locate an agent; again she went above and beyond, she looked into the agents websites and profiles and made recommendations. We were so happy that she did research on our behalf. She assisted us every step of the way through our process even though we had a NY agent. She even gave us advice on how to stage our house for a quicker sale and it worked!! I wish Violet could be our agent on our new house search, we may have to move to Austin!