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, and buyers learn how close to asking price homes 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, and number of bedrooms, living areas, and baths. But it can’t tell you the subjective details that make one house more attractive than another similar home, such as how well it’s been updated, landscaped, or maintained.
And that’s where your Berkshire Hathaway HomeServices PenFed Realty Texas Realtor 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 PenFed Realty Texas Realtor 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 PenFed Realty Texas Realtor 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.
The market is constantly changing, and the more you know, the easier it is to reach your buying and selling goals.