Why is a professional CMA better than an instant valuation?
The Nashville area market has changed... a lot! Rapid growth and record low inventory make it more important than ever to understand the true potential of your sale price. As Nashville area experts, we can provide an estimate that considers what the market is really willing to pay for you home. This could mean selling your home faster and for a higher price. Deciding the right list price is more than a numbers game, it's a strategic decision that requires local area expertise.
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?
Understanding the real value of your home is critical when deciding the best time to sell and you asking price. Your home's value may fluctuate rapidly in a competitive market, so it's important to get an accurate valuation from a real estate professional that knows the local market.
How accurate are instant valuations?
The ugly truth is that instant valuations are notoriously inaccurate and often fail to tell the whole story. For instance, an instant valuation may not accurately reflect the effects of current housing market conditions or a competitive climate.
Why is a professional CMA better?
As local experts, we can provide an estimate that considers what the market is really willing to pay for you home. We can also formulate a strategic plan for listing and marketing your home. This could mean selling your home fast 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 return potential.
How do instant valuations work?
An instant home value estimate is based on sales price data gathered from public records. It cannot replace an actual comparable market analysis from a licensed real estate professional.
Ready to sell your home?
The Nashville market is hot! 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!