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Free CMA
Home Valuation
From the CMA, you will learn the difference between the asking price and selling price for all homes sold, the condition of the market, and other houses comparable to yours.
25 Years of Experience in Residential Real Estate on Long Island
Our team offers white glove service meaning we take the time to understand the client’s preferences, requirements and goals, ensuring a customized experience throughout the real estate journey.
Our agents at Sailing Home Realty give their clients undivided attention and are able to maintain a high level of service quality and dedication to each client including top service providers in the industry such as lawyers, mortgage brokers and inspectors.
Our aim is to become trusted advisors and continue to assist clients with their real estate needs beyond their initial transaction. Fostering lasting relationships ensure that clients receive support even after the deal is closed.
CMA — Comparative Market Analysis
Expert Qualitative & Quantitative Valuation
Comparative Market Analysis
The first step to selling your Long Island home is to get a skilled local Real Estate professional such as Sailing Home Realty to provide you with a CMA or Comparative Market Analysis.
Why Automated Valuations Are Bad
Have you ever wondered why most of the internet sites that provide an “instant home valuation” such as Zillow or Trulia are typically off by 20% to 40%? The simple reason is that a computer analysis of home values can only take into account tax data, a trailing indicator. In an appreciating market, a trailing indicator will always put a home’s price too low. Why? These types of reports depend upon tax records. When a home is sold, the sale does not work its way into the tax data for as long as nine months after the sale.
What Goes Into A Comparative Market Analysis?
The analysis begins with us compiling a list of at least three similar properties within the same area that have sold in the last 3 – 6 months. If there isn’t enough sales data or if the potential purchasing price of a home is being calculated, we may also select properties that are currently listed on the market or pending. Even expired listings can be used to demonstrate the kinds of prices that are too high to attract interested buyers.
A comparative market analysis is a crucial tool for estimating the value of real estate. If you’re a homeowner who is interested in listing your property for sale, a CMA will help you determine an appropriate asking price based on what sales prices similar homes in your area have received on the market.
The Sailing Home CMA Advantage
The real knowledge and understanding within a CMA are primarily due to the experience and expertise of a local real estate professional. Internet valuations are typically “quantitative” only. They take into account only numbers. The value of a Sailing Home Realty Agent is that their analysis is both quantitative using much fresher sales data than tax data, but more importantly, it is primarily qualitative.
Request your Free CMA Today.
Sailing Home Realty
Sell your property through Sailing Home Realty
Choose to sell your property with Sailing Home Realty and benefit from our exceptional service, extensive market expertise, and personalized approach, ensuring a seamless and rewarding selling experience that maximizes the value of your property