Over the last year, the housing market’s gone through significant change. While it’s still a sellers’ market, homes that are priced right are selling, and they get the most attention from buyers right now. If you’re thinking of selling your house this spring, it’s important to lean on your expert real estate advisor when it comes to setting a list price. As Realtor.com explains:
What is a CMA and How Can it Help You Sell Your Home?
The first step to selling your home is determining how much it is worth and what people are willing to pay. Although there are many online calculators, the best way to accurately assess your home’s value is to work with an expert – a real estate agent who can develop a customized CMA.
What is a CMA? A comparable market analysis (CMA) is a report that real estate professionals generate to determine the value of a home by finding similar properties using an industry resource called the Multiple Listing Service or an MLS.
What’s Ahead for Home Prices in 2023
Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of the country. And as we get closer to the spring real estate market, experts are continuing to forecast what they believe will happen with home prices this year and beyond.
Selma Hepp, Chief Economist at CoreLogic, says:
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