Find Out The Value Of Your Home on Lake Norman
CMA stands for “Comparative Market Analysis” and is simply a side-by-side comparison of recently sold homes on Lake Norman in a given neighborhood. Information is gathered on your home and input into a computer program that ties into our local Lake Norman MLS Service. Brokers, Broker Associates, and Appraisers all pay dues for the ability to access this content. Brokers then take this information and generate CMA reports so they can properly advise both sellers and buyers before making a decision in real estate. The downside can be that when information is put in, it is in the hands of the Broker doing the data entry. There is no substitute for knowledge and experience when this portion of the CMA comes into play. Making adjustments, and knowing what those adjustments represent in terms of value, is imperative to generating an accurate value.
This is why there is still a need for the knowledge and advice of an experienced real estate professional.