A Competitive Market Analysis (CMA) is prepared from information available through the Multiple Listing Service (MLS) to estimate what buyers would be willing to pay for a property based on recent actions in the marketplace. |
At Exit Sandlapper Realty, we evaluate the following factors to establish market value: |
RECENT SALES |
These are properties whose selling prices reflect what qualified buyers most recently paid for properties comparable to yours. (S L D stands for sold.) |
FAILED TO SELL |
These are properties recently offered “For Sale” but failed to sell. Listing prices of these properties suggest what potential buyers will not pay. (W T H stands for withdrawn or EXP stands for expired.) |
PENDING SALES |
These are properties currently under contract, but not closed. Pending sales can be useful in identifying listing prices that encouraged buyers to make offers. (C N D stands for conditional, C T G stands for contingent or P N D stands for pending.) |
COMPETITIVE ACTIVE LISTINGS |
These are properties that will compete with yours in the market. Since they have not sold, their market value is not determined. (A C T stands for active.) |
