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Free CMA Alexandria VA. Alexandria Home Seller Market Analysis - FREE CMA.

Alexandria VA Free CMA. What can I sell my home for?  Alexandria VA home sellers can find their home values when selling or listing a home for sale in Alexandria VA. Find Alexandria VA neighborhood home prices for buyers and sellers - Free CMA.

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What is a CMA in a nutshell?

A comparative market analysis, or CMA, is a real estate agent's price evaluation of a subject property. It is a historic number based on local listings "sold!" It is not a comparison of any active listings that have not closed!  It may also include active listings only to show you what the competition will be in price. It will also include current and recent sales data, expired listings that did not sell, and withdrawn listings. Analyzing all the data, agent, owner or buyer should be able to see where a similar homes, plus or minus improvements should be priced. It is a snapshot of pricing, but it's not an appraisal. It is a competitive market analysis to determine the probable sale price of a similar or comparable property in the current market in your immediate neighborhood. Sellers can use a CMA to help determine a list price or a price range in which the home will sell. A CMA can also be used by buyers to assist them decide what to offer on a listing they want to purchase.

CMA For Buyers l CMA For Home Sellers

Thinking of selling a home in Alexandria Virginia?  Want to know what your home is worth?  Do you know the home values in your subdivision? Have you ever asked yourself "What are homes selling for in my Alexandria Virginia neighborhood?" Need some answers? In this market, you really need to know the answers to a lot of questions first!  Don't worry, you've come to the right place!

If you are thinking of selling your home in Alexandria Virginia or its' suburbs, planning a move, purchase or relocation...if you're buying or selling your home in the Washington D.C. area of suburban Alexandria: Alexandria VA: Alexandria, Del Ray, Old Town Alexandria, Cameron Station; suburban D.C.. As well as covering the northern Virginia areas of Alexandria county in my real estate business, I also cover fine northern Virginia homes for sale in: Prince William County, Loudoun County, Arlington counties, Stafford, and suburban Washington D.C. in Maryland.  I am licensed to sell homes and real estate in the States of Virginia and Maryland.

As a full time professional REALTOR, and listing agents that specializes in relocations, and the best real estate service possible! I offer a FREE Competitive Market Analysis (CMA).   Whether you are selling or buying, we can handle all the details. 

A "comparative market analysis" or "CMA" is an estimate of value prepared by a real estate broker or salesperson that shows recent past sales for like properties and suggests a possible asking price for the owner's property.

I am a broker associates with a CRS, and GRI designations.    As you can see my Alexandria real estate site is well positioned on the INTERNET.  I can offer a broad exposure of your property or home.  I'm a seasoned residential real estate agents, that specialize in service!

Selling Your Home in North Alexandria Virginia?

Want the Best Possible Price?  Contact Me Now!

I offer  full service Alexandria Virginia real estate sales.  Whether you are selling your existing home, retiring or relocating to or from the Alexandria Virginia area, and can handle all the details.  Find out why "Experience Matters!"

What is My Home in Alexandria VA Worth?

For Alexandria Virginia Home Sellers [top]

A Comparative Market Analysis (CMA) is an estimated sale price for a property given current market conditions. Because of the high volatile current conditions a CMA will encompass sales of similar properties that have sold in your neighborhood with in the last 3 months. I will prepare it in a report form. It is not an appraisal, which is a professional estimate of your homes value. There is no fee associated for preparing a CMA.  It gives you as our client an estimate of the properties current value or valuation.

An agent needs to walk through the property in question before preparing a CMA. Unless there are a lot of concerns, the entire process shouldn't take long. However, property condition does affect price. If you have specific plans to do work on the property, let us know.

After we review the property, our research in the Multiple Listing Service will be reconciled to your home with information about similar properties in the area that have recently sold. In order to arrive at a current price estimate, an agent should analyze information about listings that have sold and closed, those that are sold but haven't yet closed (the pending sales), active listings and expired listings.  It is not wise to base your list price on the list prices of you neighbors.

So we make sure that only houses that are extremely like yours will be considered. These homes will have similar square footage, similar styling (one-story, two-story), and will be located in your neighborhood or one that is very similar.

After comparing location, style, and size, we look at other features. The number of bedrooms, number of baths, the size of the garage, the age of the house, the size and relative privacy of the lot, improvements, and other amenities will be considered. Does the property have formal dining? A finished basement?  What is the appearance, and how does it show are other questions that have to be considered also.

We then assemble all of this information in a report called a ?comparative market analysis,? the CMA. This data will then be the foundation for how to determine the best price to ask for your house.

Pending and sold listings are the most reliable indicators of current market price. Active listings are only a gauge of your competition in the marketplace. Expired and withdrawn listings are homes that were listed for sale but for some reason did not sell. Usually, the most common reason expired listings didn't sell, they were priced too high.

With the results from the CMA's SOLD homes found in the MLS search, reconciled to your home and current condition, we can arrive at an estimated value for selling price. Keep in mind that the price derived from a CMA is subjective. A CMA is not an appraisal. You need to hire a licensed appraiser to complete an appraisal.

Sellers should have a CMA done before listing their home for sale. Most people would agree, that when it comes to selling home, the less surprises the better!  Also, it gives you the opportunity to meet the agents that will represent you in the sale of your home.

Also, buyers should request a CMA on a property they are considering buying, particularly if they are new to the area and haven't had the opportunity to see many listings.  It is good to be an informed consumer. and it is not good to buy the most expensive home in the neighborhood!

"Whether you are a buying or selling, contact me!  As full time, professional agents we work actively in the area where the property is located. The Internet has made it possible for virtually anyone to access comparable sales information. However, without firsthand knowledge of the comparable properties and the local marketplace. this information could be inadequate

For example, quality upgrades usually have a positive effect on sale price. But if your home improvements are inferior in quality or design they can lower rather than increase the price. Suppose the information on a sold listing shows a remodeled kitchen. Without having seen the property, it's difficult to know how the remodeling affected the price.

Also, sometimes our CMA gives a price range rather than a set price. You're more likely to see this in markets were there is variation in terms of property size, age, architectural style and condition.

For Alexandria Virginia Home Buyers [top]

If you are buying, you should ask for a list of comparable (similar) homes in the area that are currently listed or that have recently sold. This is important to see if you are overpaying, or negotiating based on the condition of current home (deductions for: repairs, carpeting or painting).  If the information isn't available, you can take the original purchase price of the home and add or subtract the cost of any improvements and estimated property appreciation since the home was last purchased. County tax records show purchase prices, but may not show all the extras if they were paid for cash, or the improvement work was performed by the owner. Your Buyers Agent can assist you with rough estimate of annual appreciation.

Also, if you're not comfortable about the value of the property you are bidding on, then have a appraisal contingency built into in your purchase offer. If the appraisal comes in low, you may negotiate or withdraw offer.  Your Buyers agent can advise.

If you enter negotiations with a seller, you might want to have some extra time built into the contract in writing before responding to a counter offer. If the seller doesn't receive other offers in the meantime, your offer may start to look good. And if someone else places an offer on the home in the meantime, you've not placed yourself in a position to overpay or get into a bidding war.  It is good to walk away rather than overpay.

Above all, in all matters "time is of the  essence", and act in good faith, and remove emotion from the offer. Also, make sure that if you are unable to meet a deadline, get an extension in writing. All real estate contracts, and any modifications, amendments to them, and offers and counter-offers should be in writing for the contract to be valid.

If your home is currently listed, this is not a solicitation of that listing. Please excuse our active marketing.

Selling your home and want results? Do you want your home marketed here? Call Us Now! Contact me Now! 


Relocation to Alexandria County Virginia or DC?

Relocating to or from Alexandria County, suburban DC or Northern Virginia?  Let us handle your relocation for you!  We offer Loudoun County relocation services that allow you to make a stress free move!