What is a Comparative Market Analysis (CMA)? (Special Guest Blog)
Our friend, Ann Bennett, Real Estate Agent with KW Team Bennett is dedicated to maintaining a professional, trustworthy relationship with her clients. Seeing that your home is perhaps your most valuable asset, Ann believes it is imperative that you be equipped with the most complete information possible related to the pricing and marketing of your home when selling your home during divorce including the use of a comparative market analysis.
A CMA (Comparative Market Analysis) is a report provided by a licensed Realtor that is a professional assessment of the market value of your home should you put it on the market today.
A CMA generally provides a price range that your home is recommended to be listed within. A CMA is not an appraisal, but the professional assessment of your Realtor® on the current market value of your home should you put in on the market today so it sells in a reasonable amount of time for as close to the asking price as possible.
While Appraisals are used by banks for financing purposes and focus on the recent sold properties, a properly completed CMA takes not only sold properties into consideration, but other factors as well, including market trends (buyer vs. seller market), number of comparable homes on the market, average days on market, and current comparable homes on the market that are active and under contract.
Ann Bennett has over 10 years experience as a practicing attorney specializing in the areas of family law, probate and real estate. She brings her experience and expertise to benefit her clients in selling or purchasing a new home. She is client focused, detail oriented and work to get the best results to meet her client’s needs. With her history in the legal field, she is also uniquely qualified in handling the special needs of attorneys, divorced or divorcing parties or the executors and heirs through the probate process.