• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Chris Graves, Certified Mortgage Advisor

Providing Mortgage Services in MA, NH, ME, RI and FL

  • Home
  • Mortgage Tips
  • Real Estate Tips
    • Home Buyer Tips
    • Home Seller Tips
    • Market Trends
  • AVM
  • Apply
  • About
    • Contact
    • Profile
    • Testimonials
    • My Zillow Reviews
Home / Misc Topics / Understanding A Comparative Market Analysis For MA Real Estate

07.05.17 Misc Topics

Understanding A Comparative Market Analysis For MA Real Estate

A comparative market analysis (CMA) is a report put together by an experienced listing broker to determine the sale price of a house. It is separate from an appraisal, which pinpoints the specific market price at a point in time. It is important that sellers learn about how a comparative market analysis is prepared. This blog discusses understanding a comparative market analysis for MA real estate.

How a MA Comparative Market Analysis is Prepared

The market value of a home is driven by buyers. Since the real estate economy changes frequently, the traditional way to determine market value is to review other homes that recently sold. Current homes on the market are not accurate estimations since it can not be predicted what they will ultimately sell for or if they will sell at all. When compiling a comparative market analysis, listing brokers attempt to use comparable property and in nearby areas. Identical properties are rarely available, so changes are typically made to reflect any differences. Upgrades, interior space, enhancements, and other factors are taken into consideration. Not all features add value and the amount of adjustments rarely match the expense paid for them.

Understanding A Comparative Market Analysis For MA Real Estate

A CMA report generally provides a price range instead of an exact amount. Where a listing falls within that range depends on the volume and quality of competing homes for sale and your desired time frame. If you have a short window in which to sell, your selected price must be more competitive (at either the low end or even below the estimated range). This is especially true if there is an overstock of homes for sale. In general, the higher you price a home, the more time it may take to sell. In an economy where few listings are available and your property is extremely desirable, you may have the luxury of pricing at the high end of the range. A experienced broker can help you with this decision and provide critical advice. Overpricing a listing can lead to loss of valuable time and money, so refer to the expertise of listing agents and the undeniable figures in the CMA report.

I hope that you found this overview of understanding a comparative market analysis for MA real estate helpful. For additional guidance on marketing a property for sale, review the other articles on this site. To receive a complimentary comparative market analysis, contact Christopher Graves at 978-376-5389 or christopher.d.graves@gmail.com.

It's only fair to share...Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
Linkedin
Share on google
Google
Share on pinterest
Pinterest
Share on email
Email
Chris Graves's avatar

Chris Graves

I grew up in Massachusetts, spent the majority of my young adult life in Boston, and own a home in Windham NH. I have owned properties in MA and NH. I specialize in mortgage lending in Massachusetts and New Hampshire and my company does have the ability to lend in other states. I graduated from the University of Massachusetts in Amherst Massachusetts in 2002. I have a Bachelor’s in Science. In addition to managing a team of loan officers my personal loan production is always in the top of the entire of company. I have personally been in the mortgage business for over 13 years. I pride myself with taking my clients from application to close in the smoothest and quickest way possible, while keeping them well informed during the entire process. I originate my own loans from start to finish and work hand in hand with my loan processors & underwriters to make sure I am updated to the minute with all of my files. I stay up to date with lending guidelines and speak with underwriters on a daily basis to ensure I am aware of all of the lending guidelines in place.

sidebar

Blog Sidebar

Blog Categories

  • Local Information (61)
  • Misc Topics (14)
  • Mortgage Information (118)
  • News (22)
  • Real Estate Information (176)
    • Featured Properties (2)
    • Home Buyer Tips (134)
    • Home Maintenance & Repair (12)
    • Home Seller Tips (40)
    • Market Trends (24)

ICYMI

Additional Stimulus May Push Rates a Little Higher

Condo Buying Guidance For MA First Time Buyers

Creative Ideas For Custom Homes In Massachusetts

Boston MA Condo Real Estate Statistics For 2nd Quarter 2013

MA Listing Paperwork Terms

Self Employed Mortgages

Are you or someone you know self employed and are interested in taking out a mortgage? Does the income that you claim on your tax returns not necessary as much as you really make? Well I have the product for you. It is called a bank statement loan! Watch this 49 second video to learn more. I can ... Read More

New Freddie Mac Self Employed guideline

If you are self employed and you are looking to explore your mortgage options you need to listen to this one minute video! Contact Christopher Graves, Loan Officer at 978-376-5389 or PM me here. #selfemployed#selfemployedmortgage ... Read More

Could there be an opportunity brewing in real estate?

Could there be an opportunity in real estate? Listen to this 47 second video to find out how! PM me here or call/text 978-376-5389 for a no cost or obligation analysis. #realestate #purchase #windhamnh #boston #cma #1sttimehomebuyer #investor #massachusettsrealestate #nhrealestate #mainerealestate ... Read More

DSCR Loans

What is a DSCR Loan? The debt service coverage ratio percentage is used by lenders to determine the cash flow on an investment property. This allows the mortgage lender to access the borrower's ability to repay the mortgage loan. The DSCR percentage is calculated by dividing the market rent by ... Read More

What the Recent Fed Hike Could Mean to the Housing Market

To help fight inflation, the Federal Reserve has hiked its benchmark Fed Funds Rate six times this year, including their most recent hike of 0.75%, taking the Fed Funds Rate from 0.25% to now 4.0%. Remember, the Fed Funds Rate is the overnight borrowing rate for banks, and does not directly affect ... Read More

Disclosure

Company NMLS 1788.
Licensed by the New Hampshire Banking Department #13092-MB.
Licensed in Massachusetts.
Lender and Broker License #MC-1788.
http://www.nmlsconsumeraccess.org
Click Here for Our Privacy Policy

Footer

Chris Graves, Certified Mortgage Advisor

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Contact Chris

Direct/Mobile: 978-376-5389
264 South River Rd, Suite 550
Bedford, NH, 03110
603-458-5107 x201

Topics

  • Local Information (61)
  • Misc Topics (14)
  • Mortgage Information (118)
  • News (22)
  • Real Estate Information (176)
    • Featured Properties (2)
    • Home Buyer Tips (134)
    • Home Maintenance & Repair (12)
    • Home Seller Tips (40)
    • Market Trends (24)

Disclosure

Company NMLS 1788.
Licensed by the New Hampshire Banking Department #13092-MB.
Licensed in Massachusetts.
Licensed in Maine.
Licensed in Florida.
Lender and Broker License #MC-1788.
http://www.nmlsconsumeraccess.org
Click Here for Our Privacy Policy

COPYRIGHT 2022 © CHRIS GRAVES, ALL RIGHTS RESERVED