Archive for July, 2011


If you are looking to buy a home or you are an Investor, central Texas is the place to buy.

  • June 16, 2011
  • Hey, Dad: Family Still Matters!

Have questions or want more information on Austin real estate, call Classic Realty today at 512-779-6744.

Category : Blog | Blog

Free Austin CMA (Comparative Market Analysis)

What is a CMA?
Why is Pricing My House For Sale Important?
How Does a CMA Help Me Price My House?
Get a Free Austin Comparative Market Analysis Now!

What is a CMA?
A CMA (Comparative Market Analysis) is an important tool in helping you sell your Austin home or understand how much to offer for a new home purchase.  A CMA is an analysis of properties that have recently sold in your market area and serves as a critical benchmark for your home’s value. Using our Austin market knowledge, we provide qualitative price adjustments to the properties that have sold based on characteristics of your home and the comparable properties. Some of those characteristics are:

- Home square footage
- Lot square footage
- Interior upgrades and finishes
- Home’s age and condition
- Exterior upgrades (e.g. pool, landscaping, porch, etc.)

Some Austin REALTORS charge up to $475 for a CMA.  At Classic Realty, we provide this service for free.

Why is Pricing My House For Sale Important?
Pricing a home for sale is one of the most important steps in selling a Austin home.  If you price a home too high, it can sit on the markets for months or even years, costing you precious time and money.  Sometimes it may never sell at all and create the aura of a “problem house.”  If you price your home for sale too low, you can leave tens of thousands of dollars or more on the table.  All of the advertising and marketing dollars will not overcome an incorrectly priced home.

Determining the right price for a home is one of the most difficult steps for a Austin home seller.  It is often an emotional process, and can be overly influenced by factors that may not be important to the seller (e.g. Dollars you’ve spent on personal upgrades; How much profit you “want” from the house; Getting enough profit from a recent utility or roof fix, etc.)

Homeowners benefit greatly from a clear and un-emotional understanding of the facts and recent transactions that have closed in their surrounding areas.  Even if a home is unique, buyers will still look to neighborhood homes that have sold and use that information in their pricing offer.  If the home seller doesn’t have information from comparable home sales and an analysis of the nearby market, they’ll be at a competitive disadvantage in negotiations.
How Does a CMA Help Me Price My House?

  A Comparative Market Analysis (CMA) helps you price your home because it gives you:

Data from recent homes sold in your area;

Facts surrounding the conditions and options included in those neighboring homes; 
Analysis of market trends that provide you insight into Austin real estate market conditions; 
A professional Realtor’s input and opinion on how to use all of this information and arrive at a recommended price range to optimize your home sale process.
We are skilled and experienced at selling hundreds of Austin homes.  These experiences have allowed us to understand Austin market information, make the right CMA selection, and utilize the most appropriate comparable properties. More often than not, the value and opinions from our staff are very close to actual sale prices of Austin homes.

Contact Our Office Today 512-779-6744

Category : Blog | Blog