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Today, I’ll share a valuable lesson learned from a recent client’s experience in the real estate market. It explores the crucial role of comparative market analysis (CMA) in real estate transactions.
Recently, I had a client who initially opted for a quick sale through a big-box cash offer company to expedite their move to South Carolina. However, after providing them with a comparative market analysis (CMA), I discovered their home’s value was $500,000, while the cash offer was only $475,000.
Despite initial hesitation, we listed and staged their home, ultimately selling it for $525,000 within 30 days. The outcome was not only a $50,000 increase from the cash offer but also a substantial boost in equity since their purchase. This serves as a reminder to be cautious when something seems too good to be true. Always prioritize a thorough assessment for the best results.
If you need more help with your real estate transactions, call or email me. I’m always happy to help.
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