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ARE CMAs FOR SELLERS or BUYERS?

Posted: September 24, 2012 By: Oscar Nieto

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Contact Phone: (915) 355-9305
Office: (915) 585-3948
http://www.oscar.exitwestrealty.com

A CMA (Competitive Market Analysis) is usually a strong tool that we prepare for our seller clients to help them determine a Listing Price. It can also be a very valuable tool for our buyer clients; as it provides the information needed to place an offer. A CMA provides both clients with recent comparable sold, active, expired and pending properties in a desired neighborhood (to understand the market activity in that particular area).

Active: Homes currently for sale and are your competition for buyers. They are not always indicative of market value because owners set the price.

Pending: Formerly active listings that are under contract. Unless you know the actual sold price, they can be indicative of the direction the market is moving.

Expired: Homes that did not sell because they were probably unreasonably priced, were not marketed properly, or the home needs repairs.

Sold: Homes that have closed within the past three to six months and are your best indicative of the market value.

The time to make your dream a reality is after you complete your search on the internet and consult with family members, friends, co-workers and neighbors about your ideal home.

Please give me a call to continue with the process.



Oscar Nieto – (915) 355-9305 – Oscar@exitwestrealty.com

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