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How can I do a market comparison?
I would like to know a range the property could be sold for before I do a complete appraisal and decide if I should sell or not.
Asked By Jailene M. | San Juan, PR | 1809 views | Marketing | Updated 2 months ago
Answer(10)
Amanda Courtney
REP Realty Group
A market comparison, or CMA, involves looking at similar recently sold homes in your area. You’ll compare size, condition, location, and features to estimate your home’s value. Most real estate agents provide a complimentary CMA to help sellers price their home accurately.
- 1 month ago
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Lisa and Greg Harris
eXp Realty, LLC
Talk to a local REALTOR with knowledge of your area and have them view the home in person to give you the best idea of the market trends based on the condition of your home. The online evaluators are only as good as the knowledge it has of your particular home... They do not walk through it and factor in the details of the home to see the true value. There are many factors that go into this and keep in mind an appraiser will only look at the last 6 months in most cases and they do not look at the current active homes on the market. Both of these come into the factor of what your home will sell for in a current market.
- 2 years ago
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Jaden Utter
Plum Tree
Look at recent sold homes, not active listings. Find properties similar in size, age, condition, and location that sold within the last 3–6 months. Adjust for differences like updates, lot size, garages, or condition. That gives you a realistic value range, not a guess.
- 1 week ago
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Edward Behr
Behr and Behr of The Platinum Group, Eealtors
A market comparison, often called a CMA, looks at recently sold homes that are similar in size, location, condition, and features. The most accurate comparisons focus on sales from the last three to six months and stay within the same neighborhood when possible.
Online estimates can be a starting point, but they miss nuance like condition, layout, upgrades, and street-specific differences. A proper comparison adjusts for those factors and reflects what buyers are actually paying, not just what sellers are asking.
If you want a realistic value range without paying for a full appraisal, a CMA is the right first step.
Online estimates can be a starting point, but they miss nuance like condition, layout, upgrades, and street-specific differences. A proper comparison adjusts for those factors and reflects what buyers are actually paying, not just what sellers are asking.
If you want a realistic value range without paying for a full appraisal, a CMA is the right first step.
- 2 weeks ago
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Melissa Key
Woodland Realty, Inc.
Unless you are a licensed Agent or Broker you should not try to do a market analysis. You likely will make many mistakes that could be costly. Call a good Realtor to help you. This is very often a free service as well!
- 2 years ago
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Margo Christophilis
Keller Willaims GSRE
Good morning,
Give me your address and email and I will do one for you. [email protected]
Give me your address and email and I will do one for you. [email protected]
- 4 years ago
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James Leonard
My Home Group Real Estate
Hi Jailene, Your best bet for an accurate Market Comparison would be to contact a local Realtor® and ask them to do one for you. It is free and the agent can get you pretty close to what your house would sell for. Pick an agent with good reviews. Call them on the phone, and leave a message if they don't answer.
- 4 years ago
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Jaydee Sheppard
Gateway Properties by Real Broker
Don't do an appraisal yet!!! A local agent will usually do a free Comparative Market Analysis, called a CMA. This will give you a great idea of what your home can sell for.
- 1 month ago
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Ana Warmke
Keller Williams Heritage
I can refer someone local in your area to run numbers. We have a large network of agents, happy to help!
- 4 days ago
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Theresa Thompson
Douglas Elliman
Hi Jailene, When considering selling your home, I like to suggest you act as a "buyer". Search homes for sale similar to yours. Go to open houses and compare your home to others on the market. Most importantly, research local realtors. Find the realtors offering the most professional marketing with the best online review. Choose one or two who can provide you with a complimentary Comparable Market Analysis (CMA). You are under no obligation to list and will have a comprehensive snapshot of valuation.
- 1 year ago
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How can I do a market comparison?
I would like to know a range the property could be sold for before I do a complete appraisal and decide if I should sell or not.
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- Marketing
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