A comparative market analysis, or CMA, is an evaluation of a home's value based on available local market data including:

• How much homes similar to yours have sold for recently.
  
  
• How long these homes were on the market before they sold.
  
  
• How fast you can expect to sell your home at your desired asking price.
  
  
• What your "competition" would be should you decide to put your home on the market right away.

The accuracy of comparative market analyses depends on the skill of the real estate agent who prepares it. The big advantage of comparative market analyses is that they are free; appraisals cost several hundred dollars without any assurance they are more accurate. As a home owner thinking of selling you should get several comparative market analyses before listing with the best agent.

A professional appraisal is a good double-check against a comparative market analysis. But the appraisal is only as good as the appraiser's skill.

We will provide your CMA with the anticipation we will be given the opportunity to list and sell your home if and when you decide to place it on the market.