What is a Comparative Market Analysis (CMA)?

Comparative Market Analysis

Deciding what to ask for, or what is a fair price to offer, when selling your home or buying a new home can be challenging. No one expects you to have a solid understanding of the real estate market when selling or buying a home.

That’s where I come in. My name is Joe Guido and I am a lifelong resident of the Lehigh Valley. For the past 12 years I’ve lived with my wife and two boys in Bethlehem. When you are ready to list your home or purchase a new one, look no further than the help I can provide you and your family.

As part of the buying or selling process, you should always consult a comparative market analysis (CMA). I will conduct a CMA for you in order to provide you with a better understanding of the neighborhood so you can make a fair offer or find a solid asking price.

What is a CMA?

The CMA is quite possibly the most important analysis you can examine before listing your home for sale or before making an offer to buy one. The CMA is a list of comparable homes in the area that have recently been sold. There’s a lot that goes into the value of a home, including the location, age, condition, number of bedrooms and bathrooms, square footage, and the conditions of local real estate markets.

Preparing a CMA

As mentioned earlier, I will always prepare a CMA for my clients, whether they are buying or selling a home. In order to prepare a CMA, I will look for at least three comparable homes that have been sold in the area in the past year. If at all possible, I will try to find three comps from the past three months.

The CMA that I prepare for you will include the following:

  • The comps will be located in the same neighborhood as your home
  • The size of the lots will be comparable to your home
  • The comps will have similar square footage
  • The CMA will feature the years the homes were built
  • The CMA will also list the conditions of the properties
  • The number of bedrooms and bathrooms in each comp
  • A list of all special features (fireplaces, finished basements and attics, pools, attached and detached garages, patios, etc.)
  • The date of sale for every comp
  • The terms and financing of the sale
CMA

Call Joe Guido to Discuss Your Home Today

Now that you have a better understanding of the CMA, you can give Joe Guido a call at 484-892-9585 to discuss your home. Whether you want to sell your home or buy a new one, I can help you navigate the challenging waters of the real estate market. Bethlehem, Nazareth, and the rest of the Lehigh Valley are great places to live whether single, as a couple, with a family, or in your retirement. I’ve lived in Bethlehem for 12 years with my family. I’ve called the Lehigh Valley home for my entire life. There’s no better place to live in Pennsylvania.