Why a CMA is Essential to Making an Offer on Homes for Sale in Winter Garden FL
Winter Garden is a highly desired area a population of 34, 568. As a rapidly growing market, this area features a popular historic district, new construction, shopping centers and local community events that keep local businesses thriving.
What is a Comparative Market Analysis (CMA)?
If you are looking to buy New Homes Winter Garden FL is the perfect place to move to if you seek a growing region with great property prices. One of the first steps your experienced realtor from Southern Heritage Realty will conduct is a home search. Once your top favorites have been selected, a showing date will be chosen and you will be able to view the properties and select the one you would like to make an offer on.
Before an offer can be made, your real estate agent will conduct what is called a comparative market analysis. This is important as it will allow you to receive an accurate figure on what the home for sale is actually worth based on recent data, compared to what the seller “thinks” it should be worth.
A comparative market analysis is done in the following manner:
A Southern Heritage Realty agent will research all the homes for sale in Winter Garden FL (in the specific neighborhood you seek), the recently sold homes, and the under contract and pending ones as well.
Of the list that is made, homes that are very similar to the one you would like to make an offer on is selected to refine the list.
Based upon the homes sold on this list, and the most similar in the last 3 month (6 months maximum), a price range is then determined.
Adjusting for any additional features the home you are looking to make an offer on has, a specific price point is determined.
As the preferred local real estate agent agency, we know that everyone has a budget in mind, and will speak with you thoroughly about what offer would be ideal to make initially. The CMA’s when done correctly by an experienced realtor are an amazing resource for buyers ot ensure that you do not come in above what the home is likely to be worth.
If a CMA is not performed correctly, you may be coming in with an offer that is much too high. Most importantly if an appraiser finds that the homes was worth much less, you will definitely be overpaying compared to all the other similar properties that sold. Protecting your assets is something we take pride in and would never want you to waste valuable money that could go towards the purchase of Homes for Sale in Winter Garden FL.
Contact One of Our Agents
If you would like to speak to one of our real estate agents, please contact Southern Heritage Realty today at (407) 877-6928 or come and visit our office located at 34 E. Plant Street, Winter Garden, FL 34787. You can also contact us online via our contact page. We can’t wait to help you find your dream home!