One of the biggest tools that a buyer or seller has in the marketplace is a Comparative Market Analysis, or CMA. In the real estate industry this is of utmost important to any transaction. A home is a very personal item for sale and as such, a seller can attach monetary value to their emotions and how much they love the home. Unfortunately, this number does not translate into a sales price that will get their house sold. If you are looking for a Home For Sale in Sierra Vista, find a Realtor that knows the importance of an accurate CMA.
For starters, any licenced professional that pays their dues into the local listing service can easily Click Here and pull up the records in the nearby areas to get a somewhat generic snapshot of the current market trends. What every Realtor has been taught since their first day on the job is that they need to find a market area, usually of about two or three neighborhoods to start, in which they follow that market more than what a computer printout will tell them.
For instance, in some markets when the sellers have the upper hand, there may be some transactions that transpire that are not reported in the local listing services. If a home is of specific interest it may not necessarily call for extensive marketing and can be sold before advertised to the public. In this case, the Realtor tracking this market must run specific reports to track all of the homes on a daily basis. This will give a CMA more credibility when non-advertised homes are reported.
Other times, a home may only be advertised for sale within a certain real estate brokerage. In-house sales will also not be reported on a general listing board but they can make a great impact on a CMA report. If you are looking for a Home For Sale in Sierra Vista you need to hire a broker or agent that has a lot of contacts within the market so that they can accurately price a home and bid according to what the market represents and not what a particular owner may value their property at.