There is no such thing as an instant CMA. A comparative market analysis takes time, and usually someone with experience such as a realtor. Why? Many factors go into forecasting what the market will pay for a property. There needs to be consideration to effectively analyze data from a variety of different factors such as:

• Market Conditions
• Neighborhood Conditions
• House Conditions
• Amenities
• Personal Preferences
• Styles & Trends
• Geographic Conditions

Can I just pick a price and see what happens?

The short answer is no. If you pick a price that is lower than expected, it’s likely an offer will be accepted that is lower than the market value. If you pick a price that is higher, many potential buyers will pass on considering the property. It will sit on the market and buyers will use this to their advantage for negotiation and the seller will likely sell under market value due to time constraints.

Automated Valuation Tools

AVM’s otherwise known as automated valuation tools, can give an idea of what a particular property may be worth. It can not give the exact amount for reasons stated above. If you would like to see what the retail value as well as the case value of a property is we have a instant home evaluation tool here.