What's My Northern Virginia Home Worth?
Free Comparative Market Analysis
Establishing the right asking price is critical to the home selling process. A comparative market analysis, or CMA, is an evaluation of similar properties in the same geographic area (Northern Virginia area) to help you determine the fair market value of a property. This report will give you an idea of what homes are selling for in and around Northern Virginia and how your home compares. It can be used to price your home correctly when you're ready to sell, as well as help you make informed decisions about offers if you're buying a home. To get a CMA, simply contact a real estate agent in your area and ask for one. It's a good idea to get a CMA even if you're not planning on selling your home anytime soon, as it can help you keep tabs on your home's value and give you an idea of what you could expect to get if you did sell.
The benefits of getting a CMA
The benefits of a CMA are numerous. Perhaps most importantly, a CMA can help you avoid overpaying or underselling your home. It can also give you an idea of what you can expect to get for your home if you do sell, as well as how long it might take to sell.
A CMA report can also provide you with valuable information about your home and the current market conditions in your area. This report can be used as a negotiating tool if you're buying or selling a home, as well as help you keep tabs on your home's value over time.
Overall, a CMA is a valuable tool for anyone looking to buy or sell a home. Whether you're just curious about your home's value or getting ready to put it on the market, a CMA can provide you with the information you need to make informed decisions about your property.
If you're thinking of buying or selling your Northern Virginia home, sign up for a free CMA from Brad Winkelmann Properties. It's a helpful report that can provide you with valuable information about your home and the current market conditions in your area.
If you need a professional real estate agent that will help you with all your buying and selling needs reach out to us at Winkelmann Properties. I would be happy to help you! Get in touch today by filling out this form below. Or schedule an appointment with me to get an in-depth pricing analysis after an in-person home visit. Call or text today 703-850-5223.
What is the difference between an AVM and CMA?
What is an AVM?
An AVM is a computer-generated algorithm that uses historic, public sales data and trends to estimate a home's value.
Are AVMs Accurate?
Typically, national AVMs are not a good representation of a home's actual value and have a large margin of error. The values generated by AVMs are based on automated computer modeling from public records and may not represent the true value of the home as they cannot take into account the nuances of our local market.
How Do I Get a More Accurate Estimate?
For the most accurate estimate, contact us to request a Comparable Market Analysis (CMA). This report is personally prepared to give you a clear understanding of competing properties, market trends, and recent sales in your area.
What is a Comparative Market Analysis (CMA)?
A CMA is a free report prepared personally by me that compares your home to similar properties in your neighborhood that are currently for sale or have recently been sold. By taking into account certain aspects of a home that may affect its value and marketability, including market conditions, location, and the home's amenities and overall condition, I am better able to better assist you in determining the value of your home.
What details a CMA report should have?
The report should include:
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A list of similar properties that have recently sold in your area
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The address of the subject property and 3-5 comparables
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An estimate of the value of your property, based on the sale prices of comparable properties
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How long it would take to sell your property, based on the current market conditions
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An estimate of the monthly mortgage payments for a comparable property
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A detailed description of the property including information on square footage, number of bedrooms and bathrooms, age, lot size, style, and any special features.
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Dollar adjustments to the comparable properties to account for differences.
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The fair market value of the subject property
