A Comparative Market Analysis (CMA) also known as Broker Price Opinion (BPO) will help to determine the correct selling price of a home. Ultimately, the intent is to achieve the highest possible price the market will bear.
1. Comparable homes that are currently for sale
2. Comparable homes that were recently sold
3. Comparable homes that failed to sell
Analyzing similar homes that are currently offered for sale, we can assess the alternative home choices that a serious buyer has. We can also be sure that we are not under pricing the home.
Analyzing similar homes that were sold in the past few months, we can see a clear picture of how the market has valued homes that are comparable to yours. Banks and other lending institutions also analyze these sales to determine how much they will lend to qualified buyers.
Analyzing similar homes that failed to sell, we can avoid over pricing, that would not attract buyers.
The CMA will be carefully prepared for you, analyzing homes similar to the subject home. The aim of a CMA is to achieve the maximum selling price for a home, while being able to sell the home within a reasonable period of time.
Contact us for multiple BPO pricing with BPO rebates on homes listed with us