If you are selling your home, you need to make sure you get the most money for it as you can. To do this you need to hire a real estate agent or a broker. They know the laws and the tactics to use to gain you the best price. One thing your real estate agent or broker may use is a CMA (Comparative Market Analysis). Below is information about what a CMA is, and how the real estate agent or broker prepares it.

What a CMA is

When you put your home up for sale determining the value of it can be difficult. This is especially true for someone that has no real estate experience. The information you may find could be wrong. For example, there are many home valuation websites that allow you to determine the market value of your home. You can also look at online listings to determine what houses around you are selling for.  These figures are likely not correct, however.

Using a CMA broker like Luxor Financial Group makes it much easier to determine the value. With a CMA, the real estate agent will determine the correct value of the homes that are similar to your home in your area. They will then take these values to determine what you should sell your home for.

How a CMA is Prepared

Once the real estate agent or broker determines the prices of homes in your area that are comparable to yours they will go further. For example, they will determine how many bedrooms and bathrooms these homes have. They will find out if appliances come with the homes and if so what the appliances are worth.

The agent or broker will check if the homes have a fireplace, what type of flooring they have, the exact square footage of the home, and the size of a garage if there is one.

Once the real estate agent or broker determines the interior of the home they will then go outside. For example, the landscaping of the home can help determine the value. If there is a pool this may raise the value. The agent or broker will find out the size of the yard for each home.

With all this information the real estate agent or broker has a better understanding of what your home is worth. For example, homes that have the same type of interior and exterior as yours will sell for approximately the same amount.

Talk with your real estate agent or broker to get more information about a CMA and how it helps them sell homes faster.

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