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Choosing an offer on a home can be challenging. Because no two homes are the same, sellers traditionally use a Comparative Market Analysis, or a CMA. This is a useful tool to determine a home’s listing price and overall value, based on current market conditions and climate.
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Ask your listing agent to conduct a CMA for your prospective property.
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However, CMAs are equally valuable for buyers! When you’ve selected a home you’re interested in, ask your listing agent to conduct a CMA for your prospective property. This information will help you determine an accurate offer price based on square footage, the number of bedrooms and bathrooms, age, and overall condition. It also provides detailed information, such as average days on the market, list-to-sales price, and any seller closing assistance.
The CMA can’t tell you everything you need to know, though. For that reason, it should be used as a guide. Ultimately, you need to see these homes for yourself to get a well-rounded idea. You need to understand the price, features, and location aside from the CMA. This is where your Realtor becomes invaluable. They can walk you through the process.
If you’re thinking about buying or selling a Baltimore home, reach out by phone or email at your earliest convenience! I’d be happy to answer any question you have.
