You will greatly increase your chances of an offer by pricing your home appropriately from the start. Agents you interview to list your home will perform what is known as a CMA – comparative market analysis. A comparative market analysis is an evaluation of similar, recently sold homes (called comparables) that are near the home you intend to sell. Comparative market analysis establish the current market value of the home and are prepared by real estate agents. A comparative market analysis is not the same as an appraisal, which is performed by a licensed appraiser.
Your agent will use this valuable tool to recommend the price range at which you should list your home. With this, together with your agent, you will select the list price. Keep in mind: