CMA Comparative Market Analysis For Katy Flat Fee Listing
This is the FIRST IMPORTANT STEP to getting your Katy Flat Fee Listing on the market to sell. You already have a fair idea about your homes worth and what you think an asking price should probably be, however you must consider these really important points:
If you live in a Katy subdivision over 10 years old, your neighbors may have already made capital improvements that your not aware of and those improvements are definitely reflected above and beyond the average sales price for that market area. If you live in a subdivision over 20 years old, than capital improvements plus remodeling updates to the home come into play. So, not every home is comparable with just square footage and bed/baths. That’s why it is important to have Silver Key create a CMA to ensure that the most relevant data is gathered in addition to the benefit of having an expert explain it all.
Let Silver Key guide you through the specific MLS area comps, to compare and contrast that specific property information to your current home in order to generate a reasonable market asking price. A CMA or BROKERS PRICE OPINION is critical to getting your home priced correctly and sold quickly.
Fill out the form below to receive area specific homes sales comps to review.
When the CMA is complete and a meeting is set to review – it will show you four different types properties.
- Active listings – This shows you how many other homes in the area are for sale, as well as their price, how large the homes are, how many days they have been on the market, etc. The prices of active listings may not accurately reflect the true home market but can tell you what other buyers have seen.
- Pending listings – These are homes and properties that were on the market ACTIVE for sale but have an offer pending and may be back on the ACTIVE market if the sale does not go through. This information is also important because it tells you what market price was accepted.
- Sold listings – VERY important piece of data, sold listings are specific evidence of what area homes will sold for, how long it took to sell them, plus additional inforamtion.
- Off-market listings – Properties that were for sale but have been taken off the market permanently for any reason from foreclosure, seller never receiving offers they would consider, to owners changing their minds.
Just about all data on closed home sales is often hidden from the public and can only be accessed by a Texas licensed broker or agent.
“A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS AND SHOULD NOT BE CONSIDERED AN APPRAISAL OR OPINION OF VALUE. In making any decision that relies upon my work, you should know that I have not followed the guidelines for development of an appraisal or analysis contained in the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation“