When most people think of a comparative market analysis (CMA), they think of selling. After all, knowing your home’s current value is essential for setting the right price when listing it on the market.
But here’s the thing: a CMA is just as useful even when you’re not selling your home. In fact, there are several key moments when having a clear picture of your home’s value can save you money, protect your assets, and help you make smarter decisions.
Situations Where a CMA Can Help
Here are some common times when a CMA can be valuable, long before you put a “For Sale” sign in your yard:
- Disputing a property tax assessment – Ensure your home isn’t overvalued by local tax authorities.
- Refinancing your mortgage – Know your equity and where you stand before talking to a lender.
- Financial planning – Understand your net worth more accurately with your home’s current value included.
- Homeowner’s insurance – Confirm your coverage amount is accurate so you’re not overpaying or underinsured.
- Divorce or estate planning – A fair, up-to-date value helps in dividing assets.
- Home equity line of credit (HELOC) – Lenders need current numbers, and you deserve to know your real equity.
Your home is often your largest financial asset, so it just makes sense to know its value — and not rely on rough guesses or those often-inaccurate online estimates.
What Exactly Is a CMA?
A comparative market analysis looks at recently sold homes (“comps”) that are similar to yours in size, condition, location, and features.
When I prepare a CMA, I review:
- Sales prices of at least three nearby comparable homes
- Differences in lot size, square footage, age, condition, and features (garage, basement, patio, pool, etc.)
- Current market conditions in your area
The result is a detailed report showing how your home compares to others and what it’s worth in today’s market. And unlike an appraisal, a CMA is a free service I provide for my clients.
Why Knowing Your Home’s Value Matters
Information is power. Having a current CMA in hand gives you confidence when:
- Challenging a property tax bill
- Making financial or estate decisions
- Preparing for major life changes
- Exploring refinance or equity options
And it’s not just about numbers on paper. Knowing your home’s value can bring peace of mind — helping you feel more secure about one of your biggest investments.
Get Your Free CMA
Whether you’re planning ahead, making financial decisions, or just curious, I’d be happy to put together a free CMA report for your home.
Reach out anytime, and I’ll provide an up-to-date analysis so you can move forward with confidence.
This is just one of the many ways I’m here as your go-to resource for all things real estate — not just when you’re buying or selling, but in between too.
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