Sell your home fast – List your home for sale today with The Mazza Team
The Mazza Team have sold homes in many neighborhoods all across Georgia giving us experience we share with the clients that trust to handle the most important transactions of a lifetime.
Many people feel a house will sell for X dollars, regardless of who sells it. That is not true. Statistically, real estate firms can get more for homes than owners can …and some real estate people can get more for homes than other real estate people. Ask us why? Click here for our marketing plan.
When working with sellers to determine a listing price or with buyers to check the value before offers to purchase, real estate agents do what is known as a comparative market analysis, or a CMA.
By going to sold property records, the real estate professional selects recently sold properties that are similar to the subject property and in the same geographical area. By comparing these properties, and adjusting for feature differences, an estimate of value is made for the subject property.
However, a thorough real estate professional will do a second different CMA for a seller or a buyer.
A second thorough CMA would include comparisons to currently listed similar properties in the area. The same process would be used, but with currently listed properties. This would allow an assessment of the current competition and might lead to an increase or decrease in the estimate based on the sold properties.