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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. Some neighborhoods have higher price value than other neighborhoods even within the same town or city.
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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.
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We can’t wait to help you sell your property for the highest value.
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The information provided by Dream Homes with Jake is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this website comes from the Internet Data Exchange (IDX) program of the CAR.
The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Dream Homes with Jake and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.
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