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: [email protected]
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"Expertise and Attention - Seller Clients June 2016
Violet’s expertise and attention to detail was invaluable in the sale of our home. Her research and knowledge of the current market enabled us to price it correctly and get it on the market to leverage the peak sales season.
Because we had our own a target date that we wanted to hit, she was able to recommend resources and services to help us make it happen. She put together a thorough marketing plan that included a timeline to help us get the house ready and to generate interest before the listing went live.
Once the house was ready, she came and helped us stage so that it looked better than it ever had. She even suggested repurposing a rarely used second eating area into an office space. (We wished we had thought of that and utilized the space that way before.)
She scheduled the “go live” and the Open House to coordinate with our schedule to be out of town. I was completely comfortable being away and leaving her in charge for the weekend. We received multiple offers that first weekend. We were impressed with how she professionally and respectfully worked with the other realtors always keeping our best interest at the forefront. She helped us sort through the pros and cons of each offer and compare to come to the best contract decision for us. There were some snafus but she walked us through them. We could not have been more pleased with the outcome."