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A CMA (Competitive Market Analysis) will help to determine what you can reasonably expect as far as defining the price range to list your home.
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It is important to understand the housing values for your area.
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CMA — Competitive Market Analysis
Expert Qualitative & Quantitative Valuation
Competitive Market Analysis
The first step to selling your St. Louis area home is to get a skilled local Real Estate professional such as the Dream Homes with Jake Group to provide you with a CMA or Comparative Market Analysis.
Why automated Valuations Are Bad
Have you ever wondered why most of the internet sites that provide an “instant home valuation” such as Zillow or Trulia are typically off by 20% to 40%? The simple reason is that a computer analysis of home values can only take into account tax data, a trailing indicator. In an appreciating market, a trailing indicator will always put a home’s price too low. Why? These types of reports depend upon tax records. When a home is sold, the sale does not work its way into the tax data for as long as nine months after the sale.
The Dream Homes with Jake CMA Advantage
The real knowledge and understanding within a CMA are primarily due to the experience and expertise of a local real estate professional. Internet valuations are typically “quantitative” only. They take into account only numbers. The value of a Dream Homes with Jake Realtor is that their analysis is both quantitative using much fresher sales data than tax data, but more importantly, it is primarily qualitative.
You’re in good hands
We can’t wait to help you sell your property for the highest value.
