The most common method of determining a price for a house is the Comparable Market Analysis (CMA). A CMA will show exactly what properties that are similar to your house have sold for within a recent time frame. These analyses are based on fact, rather than opinion, and that information will always be of more value to you. Generally, CMAs will list houses in a particular location that are currently on the market, have sales pending on them, have expired from the market, and have sold. Be forewarned: it is primarily the SOLD properties that you need to be concerned with. What houses are listed for on the market is not always a good indication of what their value is, those that have pending sales will only tell you what the listing price is (not what it is going to sell for), and those that have expired because they haven't sold may indicate that they didn't move because they were overpriced.  A CMA is a written report that includes:

• A review of comparable properties in the immediate area currently on the market (Active Homes).
• Certain comparable features of each home. (ex. the number of bedrooms and bathrooms, lot size, architectural style, square footage; special features, such as: a swimming pool, spa, panoramic city, mountain or ocean view, year built, location; asking price and number of days on the market.
• A review of comparable homes currently under contract (in escrow) with all available pricing information (Pending properties under contract).
• A review of comparable properties that have closed in the past 6 months, with final selling price (Sold).

Thinking of selling your home? If you are you won't want to sell it for anything less than fair market value, right? On the other hand, by setting a selling price higher than what you should could be a mistake that results in a home that doesn't sell.

Before putting your home on the market and setting a price it is important to first have an estimate of your house's value. This can be easily accomplished by having one of our experienced agents provide you with a Comparative Market Analysis.

For a free, no obligation CMA, please provide the following information by Email:  Your Name, Address to CMA'ed, Phone Number, and Email Address.  Our response will be prompt!