If you're thinking about selling, you've probably heard the term Comparative Market Analysis, or CMA. Here's a general explanation of what it is and how it's used.
What a CMA looks at
A CMA generally compares your home to similar properties that have recently sold, are currently under contract, or are currently listed for sale in your area. It typically considers factors like square footage, bedroom and bathroom count, lot size, condition, updates, and location.
Why it's not the same as an online estimate
Automated home value tools use public data and algorithms, but they can't walk through your home, see recent updates, or account for local nuances the way a hands-on review can. A CMA involves a more personalized look at your specific property and current market activity.
How Faith uses a CMA
Faith uses a CMA as a starting point for a conversation about pricing strategy, not as a single fixed number. Pricing a home involves weighing market conditions, your timeline, and your goals together.
It's a living document
Market conditions can shift, so a CMA prepared today may look different in a few months. If you're not ready to sell yet, Faith is happy to revisit your home's position in the market when the time is right.