A FREE CMA Offered by Lake Ashton Realty

When real estate agents of Lake Ashton Realty are working with home buyers to determine the value of a property before they offer to purchase, or sellers to check the listing cost, they do something known as a comparative market analysis (CMA) or FREE MARKET ANALYSIS.

By revisiting the records of the sold properties and sold prices in Lake Ashton, Vienna Square and the surrounding Winter Haven area, Lori Raath, Realtor with Lake Ashton Realty chooses a property recently sold that is the same as the targeted property. By cross-referencing these properties and adjusting for differences in various features, the professionals make value estimates for the target property.

The comprehensive CMA includes comparing the subject property with other various currently listed properties that are similar to it. The real estate agent, Lori Raath Realtor with Lake Ashton Realty, uses the same methods with presently listed real estate properties. That allows for an assessment of the current competition and may result in a decrease or an increase in the valuation depending on the sold properties.

A standard CMA report typically uses the following sources:

Expired listings: These homes have the highest median price as they did not get buyers due to being unreasonably priced. Listings can also expire due to the failure of being marketed aggressively.

Sold listings: These are a list of sold properties within the past three months. These are the sales that Lori Raath with Lake Ashton Realty will use when appraising a property to a client.

Pending listings: These are active listings that are under contract. They are used to show the direction toward which the real estate markets are going.

Active listings: These are the properties that are currently on sale. These properties matter because they are the competition of the subject property. They don’t indicate the market value since the seller can sell their property at any price they wish. They suggest the current market value of a home in a particular region.

If you would like a FREE MARKET ANALYSIS/CMA, give Lake Ashton Realty a call at 863-318-9542 or Call Lori Raath, Realtor with Lake Ashton Realty direct at 863-409-6899. Another option would be to visit our website, www.LakeAshtonRealty.com.

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