When working with sellers to determine a listing price or with buyers to check ‚Äčthe value before offers to purchase, real estate agents do what is known as a comparative market analysis, or a CMA.  There is no charge for this service.

By going to sold property records, I will select recently sold properties that are similar to your property and in the same geographical area. By comparing these properties, and adjusting for feature differences, an estimate of value is made for your property or the subject property.

A second thorough CMA is also completed which will include comparisons to currently listed similar properties in the area. The same process would be used, but with currently listed properties. This would allow an assessment of the current competition and might lead to an increase or decrease in the estimate based on the sold properties.

Contact me today to get your FREE CMA completed.

Lawrence Johnson Realtors

Lawrence Johnson Realtors

Serving the Greater Memphis Area Since 1976

 

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