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Automated Computer Generated CMA
You will receive your Competitive Market Analysis (CMA) shortly. This is an automated CMA and will give you a good snap shot of todays market. It should not be substituted for a Fully Personalized CMA prepared by an Agent Broker with 27 years of experience and education in real estate appraisals. If you are considering selling your home, I will Prepare one tailored specifically for your style/size/amenities and if you would like we can set a time to review the report and Discuss marketing your home.
How accurate are CMA’s?
The CMA is a here-and-now snapshot of the market, based on the most recent data available, but it can instantly be rendered obsolete by a new listing, or a change of status in a home with the same criteria. Why? The market is constantly changing - new listings, pending sales, closed sales, price reductions, and expired listings.
CMAs can vary widely, depending on the knowledge and skill of the person creating the CMA as well as the number and type of data fields that are chosen. That means some features may not be included.
As informative as the CMA is, it should only be used as a tool and should not substitute for your real estate professional's knowledge and advice.