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What is a Comparative Market Analysis?
Do you know the market value of your home? Sounds like a simple question, but there's more to it than meets the eye. How should you price your property if you want to sell it in 1 month? 90 days? 6 months? A year? By comparing current market prices on properties similar to yours, properties that sold within a particular time frame, and properties that never sold, we can provide you with a custom guideline. You'll know how long your home will need to be on the market to get the price you want. Think of how handy this would be if you were thinking of moving, or if you just want to know what your home will sell for if the need should arise. All it takes is one visit, and as long as the property remains in the same condition, you'll have the information at your fingertips. This is not the same as an appraisal. Appraisals are based on sold properties only. A Comparative Market Analysis (CMA) is a guideline for setting the price of your home over a specific time frame.
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