Comparative Market Analysis also known as a CMA, is the estimate of how much your homes fair market value is or, the fair market value of a home you are interested in purchasing. Pricing your home or deciding on an offer for your new home is not just a shot in the dark.  A CMA is the most commonly used, reliable and mathematical way of estimating the fair market value of a home.

A CMA is the term real estate agents use when they conduct an in-depth analysis of a home's worth in todays market. Before you buy a home or sell a home, it is imparative that you have a professional real estate agent help to value the home with a CMA. At Florida Home Realty, our agents are experts at home valuation. 

The steps through a CMA;

First, if you are selling your home, your Florida Home Realty agent will do a "walk through" your home. Your agent may make suggestions of improvements that may increase the value.

Second, for buyers and sellers, your Florida Home Realty agent will do some research on comparable properties in your area. Including, but not limited to;

• Active listings, currently on the market for sale 

• Properties that are in a 1 mile radius of your home if it is an urban or surburban neighborhood, that have sold and closed within the past 12 months.

• All comps should be within a 10 year bracket of the compared home

• If permited, similar construction types are best to use for comps.

• Condition, # of bedrooms and bathrooms, square footage

These are only some of the aspects that your Florida Home Realty agent will consider when calculating a fair market value for a home.

Many sellers do not understand how the selling price of their homes are determined.Marketing your home with the wrong sales price can keep the perfect buyer from ever becoming are of your home, and it may have been the perfect home for them and the perfect sale for you!

If you are the buyer, understanding

the fair market value of a home that

you would like to make an offer on is

also of the upmost importance.

Your Florida Home Realty agent will

make sure that you are aware of the

homes true market value, before

considering an offer price.