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Comparative Market Analysis
The first step to selling your home in the Greater Toronto Area is to get a skilled local Real Estate professional, or a team of them, such as the Pulse Realty Team, to provide you with a CMA or Comparative Market Analysis.
You’ll find many online resources offering an immediate estimation of how much your home may be worth, but nothing compares to an expert’s opinion. Get a reliable appraisal of your property’s value.
Why automated Valuations Are Bad
Have you ever wondered why most of the internet sites that provide an “instant home valuation” such as Zillow or Trulia are typically off by 20% to 40%? The simple reason is that a computer analysis of home values can only take into account tax data, a trailing indicator.
In an appreciating market, a trailing indicator will always put a home’s price too low. Why? These types of reports depend upon tax records. When a home is sold, the sale does not work its way into the tax data for as long as nine months after the sale.
The Pulse Realty CMA Advantage
The real knowledge and understanding within a CMA are primarily due to the experience and expertise of our Toronto real estate professionals. Internet valuations are typically “quantitative” only. They take into account only numbers. The value of a Pulse Realty Team Realtor is that their analysis is both quantitative using much fresher sales data than tax data, but more importantly, it is primarily qualitative.
