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Why is a professional CMA better than an instant valuation?
The real estate market is changing... fast. Inventory is increasing, interest rates are rapidly rising and the average days on market are growing. Despite higher than ever home values, this means homes are harder to sell, and it's more important than ever to understand the true potential of your sale price. As Westchester County experts, we can provide an accurate valuation that reflects the true market value of your home.
What is a CMA?
A Comparative Market Analysis (CMA) is an estimate of a home's value based on recently sold, similar properties in the immediate area. A proper CMA considers the location, age, size, construction, style, condition and other factors about the home, as well as current market conditions.
Why should I get a CMA?
It is critical to understand the real value of your home and current market conditions when setting your listing price and timing to list. Home values fluctuate in a competitive market and it is important to get an accurate valuation from a local real estate professional.
How accurate are instant valuations?
Not accurate at all! Instant valuations are notoriously unreliable and fail to sufficiently consider current market conditions. Instant valuations are based solely on available data for past sales. They rarely include the most recent sales data and fail to account for other conditions, like the effects of low-inventory.
Why is a professional CMA better?
As local experts, we can provide an estimate that considers current, local market conditions. We can also formulate a strategic plan for listing and marketing your home. This could mean selling your home faster and for a higher price.
How can the list price affect my sale?
If the list price is too high, your home may accrue more days on market and, ultimately, result in a lower sale price. Alternatively, a list price that is too low could cost you thousands in lost value.
How do instant valuations work?
An instant home value estimate is based on sales price data gathered from public records. They cannot replace an actual Comparable Market Analysis from a licensed real estate professional. Check the disclaimers!
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Westchester Market Reports
We track home sales in Westchester County in real time with data from our local MLS. Reports are updated daily to reflect the most current data you’ll find online. See recently sold inventory, price averages, and current listings by neighborhood in Westchester.
Ready to sell your home?
Attracting the highest possible value for your home requires proper preparation, effective marketing and an expert knowledge of local market conditions. We can help you navigate the process and ensure your experience is as positive as it is successful.
If you're thinking about selling your home, let's talk about how we can help you get the best offer possible. Get started today by requesting a Comparable Market Analysis to help you understand the value of your home in today's market!