Comparative Market Analysis (CMA)
Home values are based on other similar homes that have sold in your market within the last 6 months.
We arrive at a value by comparing features of your home such as square footage, quality of construction, location and amenities.
The valuation process is called a Comparative Market Analysis or CMA. This valuation process is one of the processes used by real estate appraisers.
Automatic valuation models found on websites like Trulia, Zillow and Homes.com can’t give you an accurate valuation because they don’t have access to sold data. S&P puts their accuracy at less than 20%.
An accurate valuation should be based on the current condition, features and unique characteristics of your property. To assure accuracy it must be inspected in person.
If you would like a free, no obligation Comparative Market Analysis of your property call us at 601-749-1902 or click the link below, fill out the form and one of our amazing agents will contact you.
