Profile picture for user6043928

not interesting in selling in year or 2 but would like to get idea what house is worth ,no contract

  • August 05 2012 - Edison
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Answers (7)

Profile picture for TopNJAgent
A CMA will give you a good gauge of what your home is worth today and also provide a great opportunity to test the skills of the realtor(s) you invite to the table.  When the time comes to sell, remember the agent(s) that contributed their time and skills in order to help you.   Those are the two things we have to make our living.  I can only speak for myself, but I am always happy to provide a complimentary CMA and all I ask in return is that consideration when the time comes to sell.
  • August 07 2012
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Some Realtors will have no problem still doing a CMA for free as long as everyone is upfront with each other. It does take me half a day to prepare a decent one, and sometime depending on the home a full day. I would never do it in this situation then, but that does not mean NO realtor would do it.

Maybe what I would add is why do you want to know what your home is worth now? What is the point of me doing a CMA on your home? If you don't plan on selling in 2 years the market will be different than it is now, and what your home is worth today has zero merit down the road. No one can accurately predict home values that far away.

Maybe you just want to know the value for the heck of it, and as long as you tell the Realtor agreeing to do the CMA that then that is just fine too. 
  • August 06 2012
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Profile picture for Pamela Shemet
A Realtor can provide a market analysis at no charge.
  • August 05 2012
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Profile picture for namechange
have an agent give you a CMA
  • August 05 2012
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Profile picture for SoCal Engr
"Agents will do this for you at no charge in an effort to obtain your real estate listing. It's not ethical to ask them to do this now, for free, when you are not really interested in selling."

It is if you let them know, and they still want to do it. (See first response to this post).
  • August 05 2012
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Profile picture for CCarron
The most accurate way would be to pay a real estate appraiser to do a market appraisal of your property.  The appraiser will prepare a thorough written document comparing your house with at least 3 other houses that are "comparable" and have sold recently or are currently on the market, adding and subtracting for square footage and other features that one house has and the other does not.  If you don't want to pay for a professional appraisal, then when you see "open house" signs in your neighborhood, drop in. Compare your house with those houses and see what prices they are asking.  Once those houses have sold, you can look up the sold price on Zillow by putting in the address.  (You can also get the sold price from your city or county real estate tax records, many of which are available online.)  If you put your own address in the Zillow search box, you will see Zillow's estimate of its value.  In addition, you will see recent sales of what Zillow considers to be "comparable" homes.  When you are actually ready to sell, ask real estate agents to do a comparative market analysis for you. This takes an agent a few hours, sometimes half a day, depending on how many recent "comparable" sales there have been.  Agents will do this for you at no charge in an effort to obtain your real estate listing.  It's not ethical to ask them to do this now, for free, when you are not really interested in selling.
  • August 05 2012
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email me your home address and I will run some comps to give you an idea. no commitment not fee.
Bjenesse@weigand.com
  • August 05 2012
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