Free CMA
Appraisers and Realtors® alike establish the approximate value of your property by using "the Comparative
Market Analysis", otherwise known as "the CMA". The estimated selling price for your home is arrived at by
comparing similar properties (ideally sold within the last six months) using square footage, location, general
condition, amenities and size of the property...
Realtors® and appraisers commonly add or subtract value depending on location and amenities. For example,
you might add $X for a new roof, or substract $Y if your home does not have a garage. The actual value of
additions/subtractions is related to local market conditions, and is best determined with the aid of a
qualified professional.
Part of my service includes offering a free, no obligation CMA. My CMA should be used only as a
guide to pricing your home, and is not an appraisal. Just fill out
this form and I will prepare it and return the CMA as soon as possible.
Please Note: I am licensed only in the state of Oregon, and cannot provide
you with a CMA in another state. However, I can refer you to a qualified professional
in any state or Canada. Just send an Email to
agrand@oip.net
and tell me your needs.
COMPARATIVE MARKET ANALYSIS
EXPLANATION Fair Market Value Has Been Defined As:
The highest price estimated in terms of money which the property will bring when the property is exposed for sale in the open market by a willing seller, allowing time to find a willing buyer, neither buyer nor seller acting under compulsion, both having full knowledge of all the uses and purposes to which the property is adapted and for which is capable of being used.
This market value definition presupposes perfect knowledge on the part of the buyer and seller. Since this perfect world rarely exists, our estimate of price is generally indicated as a range.
In evaluating your property I have used many of the tools that a professional appraiser utilizes, comparable sales, competitive listings in escrow, square footage, location, amenities, and the general condition of the property. I have also considered the effect of any existing financing on the property.
The enclosed data was researched from the reliable information currently available from the local Association of realtors, local real estate firms and title companies. It does represent a good cross section of the competitive real estate inventory actively on the market, and recent sales.
Please note that while none of the properties are exactly like yours, they do provide a good reference source in a comparative market analysis.
The estimated value you and I will arrive at, based on this analysis, does not mean that your property will see at this price. The price you ultimately receive, of course, will depend on your motivation, and the motivation of the buyer and the market conditions at the time offers are received.
Once we have tested the market at this price, we will make periodic reviews to ensure we remain Competitive.
