Comparative Market Analysis
To calculate the fair market value of your home, Steven Hill of Sotheby’s International Realty Canada will prepare a Comparative Market Analysis (CMA) report summarizing properties in your area with similar square footage, construction, age and condition that have recently sold or are currently on the market. Recent comparable sales and listings are two of the most important factors impacting fair market value. Comparable listings that expired before they had a chance to sell also offer an indication of the fair market value of your property.
There are some extraordinary homes and estates that have few or no comparables. In these cases, preparing a CMA requires specialized expertise that Steven Hill of Sotheby’s International Realty Canada can provide. If your property falls into this category, please contact Steven Hill directly to schedule a complimentary consultation.