CMA – Comparative Market Analysis. Pricing your home is both an art and a science. You want your home to sell for Top Dollar. Whether you’re selling a luxury estate, small condominium or family home in the suburbs, a good Real Estate Agent will bring their knowledge and experience in your local market to analyze comparable recent sells, evaluate the uniqueness of your property and recommend an effective asking price for your house.

This method is also know as a CMA or Comparative Market Analysis.

A CMA is an in-depth look at homes similar to yours in size, location, condition, and amenities that have sold within the past 3 to 6 months. This analysis is a regular part of your NRRB recommended agent’s service to you and is always free of obligation and charge. A successful CMA provides the home seller with an accurate price range for the home to sell – how long it takes to sell depends on which end of the price range you choose.

Although not a formal appraisal, your real estate agent takes into account square footage, room size, property taxes, age of the home and favorable nuances of the home that a buyer cannot get elsewhere. They factor information such as nearby school districts and local amenities in order to come to a reasonable but profitable price for the seller.

A real estate agent works in the local market each day and understands the tiny nuances of each area in which they work. They understand the amenities that are in demand, the highlights of each area, and the key buying drivers that are selling homes in that specific market.