FAQ
Frequently Asked Questions
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Frequently Asked Questions
What is a CMA?
The CMA is a side-by-side comparison of homes recently sold and for sale in the same neighborhood and price range. It includes details like home type, bedrooms, baths, lot size, neighborhood, property condition, features and more. The goal is to estimate the market value based on past and pending sales and current listings.
How is a CMA created?
CMA's are generated from property data from your real estate agent's multiple listing service (MLS). It is accessible to licensed members like brokers, salespeople, and appraisers who pay dues to access data. It includes tax roll information, sold transactions, and listings. Listing agents use CMAs for sellers, and buyer's agents for their buyers, to understand current market conditions for comparable homes.
How accurate are CMAs?
CMAs provide a snapshot of the current market data. However, the market is constantly changing due to fluctuating prices and updated listings. CMAs are better suited to be used as tools along with the expertise of a real estate agent.
Why you need a real estate professional?
Real estate professionals offer more than just price advantages; they provide increased exposure and extensive support for sellers. Here are some other considerations:
• They’re trained and licensed professionals.
• They have oversight for brokers and state licensing officials .
• They know how to present your home and deal with buyers.
• They know how to overcome typical snags that occur in real estate transactions and closings.
• They know how and where to market properties effectively.
• They have access to the most accurate and comprehensive date - the MLS, the only data repository that has the most up-to-date listing and sales information.
• They know how to negotiate.
With a real estate professional in your corner, you'll have a partner to advocate and guide you through the entire home sale process.
• They’re trained and licensed professionals.
• They have oversight for brokers and state licensing officials .
• They know how to present your home and deal with buyers.
• They know how to overcome typical snags that occur in real estate transactions and closings.
• They know how and where to market properties effectively.
• They have access to the most accurate and comprehensive date - the MLS, the only data repository that has the most up-to-date listing and sales information.
• They know how to negotiate.
With a real estate professional in your corner, you'll have a partner to advocate and guide you through the entire home sale process.
Are there price advantages?
According to the National Association of Realtors’ 2021 Profile of Home Buyers and Sellers, only 7% of homes sales were accomplished as for sale by owners (fsbo), and of those, 57% knew their buyers personally. FSBO home sales had a median price of $260,000 in 2021, compared to the agent assisted home sale median price of $318,000.
Why you shouldn't use another service?
While many services that help home buyers and sellers complete their own transactions are available, working with an experienced agent is irreplaceable. Taking full responsibility yourself may prove costlier in the long run than paying an agent's commission.
BENEFITS
With us, YOUR WORLD is OUR LIFE. Real Estate.
Our multilevel marketing approach ensures that every client benefits from our services. Our team of real estate agents are well-informed about the local community, including schools, population, recreational facilities, entertainment, property values, growth prospects, and the surrounding areas. As residents of these areas, our agents can easily overcome any obstacles and meet our client's unique needs.
