Free CMA for your Padre Island 78418 home
Thank you for allowing me the opportunity to provide you with a Competitive Market Analysis (CMA) for your home. Completing the short form below will allow me to best determine price and placement of your home in the competitive Corpus Christi real estate marketplace.
Competitive Market Analysis
While I prepare your final Competitive Market Analysis (CMA), I’ll instantly show you a detailed list of properties similar to yours currently on the market, as well as recent market activity for your neighborhood. Standard comparative market analysis reports contain the following data:
Active listings are homes currently for sale. These listings matter only to the extent that they are your competition for buyers. They are not indicative of market value because sellers can ask whatever they want for their home. It doesn’t mean any of the prices are realistic. The offered sales prices do not reflect market value until they sell, and in buyer’s markets, for example, most sell for a lot less.
Pending sale homes are formerly active listings that are under contract. They have not yet closed, so they are not yet a comparable sale. Unless the listing agent is willing to share information about the pending sale — and many are not — you will not know the actual sold price until the transaction closes. However, pending sales do indicate the direction the market is moving. If your home is priced above the list price of these pending sales, you could face longer Days on Market (DOM).
Homes that have closed within the past six months are your comparable sales. These are the sales an appraiser will use when appraising your home for the buyer, along with the pending sales (which will likely have closed by the time your home is sold). Look long and hard at the comparable sales because those are your market value.
Off-Market / Withdrawn / Canceled
These are properties that were taken off the market for a variety of reasons. Usually the reason homes are removed from the market is because the prices were too high. The median prices of this group will almost always be higher than the median prices of comparable sales.
You will also be provided with a copy of a Corpus Christi Real Estate Marketing overview outlining some advanced real estate marketing strategies, as well as helpful tips to prepare your property for sale.
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Questions about Competitive Market Analysis (CMA)reports
I would love to hear from you! Please fill out this form and I will get in touch with you shortly. If you have questions please call or text me at 361-548-6804. You may also reach me by email. Or you may like me on Facebook and message me with questions. Twitter users may reach me @PadreHomeSales