A comparative market analysis (CMA) helps a seller determine an asking price that is neither too high nor too low, based on how much similar properties have sold for in the past year with adjustments made for differences between the sold properties and the subject property.
A CMA is also helpful to a buyer so they can know how much to offer for a particular property. A CMA is not an appraisal and may be done by unlicensed individuals who are not appraisers, but most always realtors who have access to sales through the multiple listing service of the New River Valley. A CMA is not as sophisticated or detailed as an appraisal but a fairly reliable method for estimating values. Terry McCraw, broker for Mccraw Real Estate has over 46 years of experience in listing and selling real estate in the New River Valley and with his expertise in knowing values in the real estate market, he can help you, whether you are a seller or a buyer. Call Terry for help. Mccraw Real Estate, Inc. (540) 639-4556. He can advise you on your sale and/or purchase. Terry offers both seller and buyer agency