We use a Comparative Market Analysis (CMA) to asses a property’s value. A CMA compares similar property information, such as:

  • Properties that have been sold and closed in the past 3-6 months.
  • Properties that are currently under agreement.
  • Properties that are currently active or on the market.
  • Withdrawn or expired listings.

Properties that have sold recently and that are under agreement allow us to see what the current buyers are willing to pay for a property similar to yours.

Expired and withdrawn listings represent properties that were over priced and therefore were not sold.

Ultimately the decision is yours on what price to ask for your property and regular feedback from the listing agent will provide you information on the purchase price if the asking price does not generate desired offers. In the end the result is to find a price that will attract a qualified buyer in a reasonable amount of time.