by Reward Realty
on Wednesday, November 8th, 2017 at 7:53pm.
One of an agent's most vital source for information on pricing is the comparable sales analysis or CMA which is used to help determine the value of a subject property. This report is used by listing agents as guidance for pricing a home and setting expectations for sellers, and by buyers agents to help determine offer price and estimated appraised value. Some of the factors which go into the comparable sales used are: distance from property, square footage, close of escrow date, neighborhood and condition of the property.
Since pricing strategies can vary from agent to agent, comparable sales are heavily relied upon to determine the true value of the property. It is important to note that although sellers will select the winning offer, it is the buyers who will set the sales price of the home. Below you will find a sample which may be used for buyers, sellers and agents to help determine market conditions and home pricing.