Comparative Market Analysis

When you’re in the market for a new home or looking to sell your current one, figuring out how much to offer or ask can be a considerable challenge. How much a house is worth can seem subjective, considering how many factors go into determining it. However, pricing property is essential to a successful sale. Lehman & Lehman Realty agents are experienced and will conduct a thorough comparative market analysis (CMA) for you.

In order to conduct the analysis, our agents search for recently sold homes in the same area that are as similar to the subject property as possible. These homes, which are known as comps, or comparable sales, are used to conduct a sales comparison approach to pricing. This approach relies on the premise that you can figure out how much a home is worth by identifying how much it would cost to purchase a similar home of equal desirability.