The comparison market analysis, otherwise known as a CMA, is an analytics tool real estate professionals use to help sellers learn what homes similar to theirs in size, age and features have sold for. Buyers are able to learn how homes close to their asking price have sold for so they have a better idea how much to offer.
A CMA can provide quantifiable commodity details, such as age, square footage, lot size and location, as well as number of bedrooms, living areas and baths. But it can’t tell you the subjective details that makes one house more attractive than another, such as how well it’s been updated, landscaped or maintained.
And that’s where your Berkshire Hathaway HomeServices network professional can be invaluable. With their market knowledge, neighborhood expertise and connections, they can provide the house-by-house intelligence you need to make a better-informed decision.
For homes that are listed for sale, your Berkshire Hathaway HomeServices network professional can show you inside the ones most similar to your home or the home you’re most interested in buying. Homes that have already sold could still have virtual tours and photos that you can peruse.
Your Berkshire Hathaway HomeServices network professional can also provide you with a detailed market report including graphs and pie charts compiled by the multiple listing service. You’ll learn the current macro and micro market conditions that explain why prices are trending up or down.