What Is Your Home Worth Today?

Do You Know What Your Home Is Worth In Today’s Market?

At Corcoran Connect, we can help you with that in an instant forfree! It is always our pleasure to provide value with no stringsattached, that’s just how we operate. So, what is your homeworth? Let us help you with that and email you a free complimentaryreport, details below.

There are no two homes that are alike, and this is the exactreason why determining the sale price for your home is challenging.Well, not anymore, let me introduce you to the CMA or comparablemarket analysis. This is an incredibly useful tool. Simply visitour websitehere and plug in the information and we’ll emailthat right over to you!

What is a Comparative Market Analysis orCMA?

The CMA is a side-by-side comparison of homes for sale and homesthat have recently sold in the same neighborhood and price range.This information is further sorted by data fields such assingle-family or condo, number of bedrooms, number of baths, postalcodes, and many other factors. Its purpose is to show fair marketvalue, based on what other buyers and sellers have determinedthrough past sales, pending sales, and homes recently put on themarket.

How is the CMA created?

CMAs are generated by a computer program supplied by your realestate agent’s multiple listing service (MLS). The MLS isavailable to licensed members only, including brokers, salespeople,and appraisers, who pay dues to gain access to the service’spublic and proprietary data, including tax roll information, soldtransactions, and listings input by all cooperating MLSmembers.

Listing agents generate CMAs for their sellers, andbuyer’s agents create them for their buyers so both sidesknow what current market conditions are for the homes they’reinterested in comparing.

How accurate are CMAs in Determining Your Home’sValue?

The CMA is a here-and-now snapshot of the market, based on themost recent data available, but it can instantly be renderedobsolete by a new listing, or a change of status in a home with thesame criteria. Why? The market is constantly changing – newlistings, pending sales, closed sales, price reductions, andexpired listings.

CMAs can vary widely, depending on the knowledge and skill ofthe person inputting the search parameters to the software as wellas the number and type of data fields that are chosen. That meanssome features may not be included. As informative as the CMA is, itshould only be used as a tool and should not substitute for yourreal estate professional’s knowledge and advice.

Corcoran Connect strives to always go above and beyond forour customers. This is why we have such a loyal following. Any realestate agent in Central Florida will tell you, their value lies inwhat their customers are saying. Read our testimonials, they speakfor themselves.