Understanding Your Home's Value

Understanding Your Home's Value

Understanding Your Home's Value: The CMA Explained

housesWhat is a Comparable Market Analysis?

A CMA is the best way to determine a reasonable asking price for your home. Our analysis looks at properties that are similar or comparable to your home. It takes into account all of the variables that may affect the value and marketability of your home.

How are comparable homes selected?

Properties located in close proximity to your home that have similar characteristics (i.e., lot size, square feet, number of bedrooms, baths, etc.) are researched. Since our goal is to obtain a balanced view of the market, we look at similar homes that fall into four basic groups:

  • Currently listed homes identify the competition
  • Recently sold homes indicate what buyers are willing to pay
  • Homes with sales pending point to the current demand for this type of home
  • "Expired" homes that failed to sell, suggesting what buyers will not pay at this time

Learn more about our Seller Services.

Find our the current market value of your home.

Contact us anytime to work with an experienced Virginia Beach Realtor on your next home sale.

Contact Information

Photo of The Butler Team Real Estate
The Butler Team
RE/MAX Allegiance
4000 Virginia Beach Blvd. Ste 164
Virginia Beach VA 23452
Fax: 757-233-1552

The Butler Team, ABR, CRS, GRI

Dave  Macklin     Dave@ButlerTeamHomes.com 
Office: 757-237-2751      Fax: 757-233-1552