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Q. What is a Comparitive Market analysis or CMA?
A. It is when a trained Realtor comes to view your home and does the research required to come up with a marketable value of your home.
Q. Is there a difference between a CMA and a bank appraisal?
A. As the broker of Century 21 Marciano, I believe a home is worth what a buyer is willing to pay. When we do our CMA, I believe we are giving our homeowners the best chance to get a full asking price for their home. The banking system disagrees with this philosophy that a property is worth what someone is willing to pay. This is why they send out independant appraisers who utilize the sales data from our Multiple Listing Service, make adjustments /- to come up with their appraised value.
Q. Does it cost me anything to get a CMA done for my property?
A. No. Century 21 Marciano Real Estate agents will provide this service for FREE!
As the broker of Century 21 Marciano, I believe in having a second set of eyes on a property to come up with a value. My agents ask me to come along on many CMA presentations so we can discuss the positives and negatives of your home and come up with a great marketable price.
If you want to know what your home is worth, please do not hesitate to contact our offce @ 914-235-4996. Century 21 Marciano Real Estate has agents that cover from The Bronx to Carmel.
