Selling Your House For Dummies by Eric Tyson & Ray Brown

Author:Eric Tyson & Ray Brown
Language: eng
Format: epub
ISBN: 9781119434313
Publisher: Wiley
Published: 2018-03-07T00:00:00+00:00

Using a Comparable Market Analysis

The best way to accurately determine your house’s FMV is by using a written comparable market analysis (CMA) to see how your house compares to other houses like yours that have either sold recently or currently are on the market. If you hire a real estate agent to sell your house and use the techniques we cover in Chapter 7 to select your agent, you get several CMAs during the selection process. You can use these CMAs to fine-tune your asking price.

The “Recent Sales” section of the CMA helps establish the FMV of your house by comparing it to all other houses that

Are located in the same or similar neighborhood as your house

Are of approximately the same age, size, and condition as your house

Have sold in the past six months

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