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CMA- What is your house worth?

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CMA- What is your house worth?

A Comparative Market Analysis, or commonly known as a CMA, is report generated from recent real estate activity in your neighborhood. Your home is compared with similar homes in your neighborhood in three levels.

The first is properties that are currently for sale. These are properties you want to consider carefully because not only are they "actively" your competition, but, they give you a good idea of what other sellers in your neighborhood are anticipating to sell their house for.

The next level is properties that are "pending" close of sale. This means that the property is currently in escrow. Although these give a good indication of what type of properties are moving in the market, with regard to price it doesn’t determine what it actually sold for because price is usually not released until the close of escrow.

The third level is properties that have already "sold," meaning successfully closed escrow. This is probably the most important to consider of all three because it plainly lets you know what buyers are paying for homes like yours.

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Written By The Las Vegas Home Finder Team