Get a Quick Home Value
This service allows you to request a free basic market analysis for your Austin-area home or duplex. This CMA is a great place to start if you’re thinking about selling your home whether you're upsizing or downsizing. The Austin market does move fast though so prices can vary dramatically even over short periods of time. We recommend that you contact us for a free, full market analysis of your property. One of our licensed realtors can provide more in depth research on similar properties and adjust for market changes to give a more accurate expectation of sell value.
What is a (CMA) comparative market analysis?
A Comparative Market Analysis (CMA) is an evaluation of similar, recently sold homes (called comparables or comps) that are near a home or homes that you want to buy or sell. Buyers, sellers, or real estate agents perform a CMA report to establish and find a fair price range for the home the report is created for. The price range from the CMA can then be used as a guide to be used for establishing an offer price or a listing price.
Basically, performing a CMA involves finding the homes that are similar to the home under consideration, and creating an in-depth comparison of its size, age, location, and features of the home. It all comes down to one question: compared to other, comparable homes in this area, how much is this home worth? Answering that question involves looking at a fair amount of data on other homes in the current market.
The process for doing a comparative market analysis includes:
Defining criteria for selecting comparables in close range to the home
- Determine a list of quality comparables
- Evaluate the comparables within close range to the home
- Adjust comparable values for differences in size, condition, location, amenities, etc
- Estimate the ideal value of your target home based off the findings