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What is a CMA?

If you want to sell your home, here’s a fact: you don’t set the selling price of your home, the market does. A comparative market analysis (CMA), as prepared by your real estate listing agent, takes the emotion out of deciding on the asking price. It’s based on fact, not how you feel about your home, and it helps determine how much you can sell your home for. A CMA uses comparables (similar homes previously sold in the area). It will look at their sales prices, how long they were on the market, and the difference between their selling and listing prices.

This analysis should be complete before you set your asking price. Depending on many factors, including the CMA, you may decide on an asking price within a $10,000 to $25,000 range of your home’s value. Here you’ll need your agent’s best advice – based, of course, on the CMA as well as your agent’s knowledge of the market. 

Now that you have more knowledge about how to price your home, let's get started and set up your FREE Comparative Market Analysis! 
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Jason Yee Shui

Royal LePage Connect Realty

335 Bayly Street W  Ajax,  ON  L1S 6M2 

Mobile: 647-999-7809

Phone: 905-427-6522

Fax: 905-472-6524

info@jasonyeeshui.com

When you overprice your property all you are doing is helping other properties that are more competitively priced to sell faster