Here is Why You Need a Comparative Market Analysis

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Toronto is a very price-sensitive market. A lot of sellers believe that if they price their home high initially, they can lower it later.

Here is the problem:
Often, when a home is priced too high, it experiences little activity. Eventually the price will come down to right market value, but by that time it's been for sale too long and many buyers will be wary.

Worse, if your home is overpriced, potential buyers looking in a lower price range won't even see it.

It is a good idea to have a Real Estate agent perform a CMA so you can see how thorough a job they do and how well they research the conditions the determine the value of your home.

If they rush it and ball park it - that's likely what you can expect from them when you become their client.

These are the items you can expect from a proper analysis:

  •   Value of Nearby Similar Properties Sold
  •   Value of Nearby Similar Properties For Sale
  •   Recent Market Trends
  •   Impact of Curb Appeal of Your Property
  •   Impact of the Overall Condition of Property
  •   Impact of Unique Property Features
  •   The Impact of the time of year you are looking to sell.


You should expect an honest opinion of your home's value and an estimate of what it very likely would sell for based largely on these variables.