WHAT IS A CMA?

By
Real Estate Agent with RE/MAX Real Estate Consultants CA DRE #01147426

A CMA is a Comparative Market Analysis. It is a list of properties which have SOLD in your area. It is a recap reflecting the Current Market Conditionsas they are in today’s marketplace.

Prices that are ACTIVE actually mean nothing to a CMA. Anyone can list any property for any price. It is only the SOLD properties that determine the true marketplace. This holds true for properties throughout out beautiful Palm Springs Desert Area, and other cities throughout other states and countries, worldwide!

Oftentimes folks think Realtors are responsible for pricing homes. That isn’t true. The marketplace (what buyers are willing to pay for homes) sets prices in any given area.

If you are thinking of selling your property and are interested in finding out comparative prices for homes similar to yours in the Palm Springs Desert Area, just send me an EMAILrequesting a CMA be sent to you several times a year and we will be happy to forward this information on, however, keep in mind that I will need to know the condition of the property, upgrades that may have been added, and whether the property has unique views such as fairways, lake or mountain views. All of these factors help us determine estimated value.

Send your requests to: nancy@nancyhankin.com

MLS search here.

Dream home finder.

IMPORTANT: If you or someone you know is interested in buying or selling a home in the Palm Desert Area, try searching properties on the same Desert Area MLS Realtor’s use, or give me a call….or visit my website at Palm Springs Homes and Estates. I will be happy to give you or your referral my “red carpet service.” After the sale, I will send you a $50 Gift Certificatetowards dinner in a fabulous Palm Springs Area Restaurant so you can celebrate!

Brought to You By Your Favorite Realtor,

Nancy Hankin

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Show All Comments
Rainmaker
567,215
Chris Smith
Re/Max Chay Realty Inc., Brokerage - New Tecumseth, ON
South Simcoe, Caledon, King, Orangeville Real Esta

Nancy, another important distinction is the difference between Market Value and Market Price...

Apr 10, 2012 02:10 PM #1
Rainmaker
125,138
Nancy Hankin
RE/MAX Real Estate Consultants - Palm Springs, CA

Chris:

Great comment. Thanks for responding.

Apr 10, 2012 03:01 PM #2
Show All Comments
Rainmaker
125,138

Nancy Hankin

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