Buyer CMA Email

SUBJECT: CMA & Pricing for 1234 Main Street

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Client Name-

I've included market statistics and a CMA for 1234 Main Street.

The price range for the sold comps is $500k to $600k. You'll see that there is one pending comp at 5678 Main St that's under contract at $625k with only 3 days on market (which indicates it will sell close to or over the asking price.)

I've also included market statistics that show that this area is in a sellers market with 1.5 months of inventory. Since it's March, we're early in the busy season and the market is heating up. Here are two links for review:

-Link to Understanding the Market

-Link to Seasonality

Given the time of year, I don't think that an offer on the low side of the comps will be successful. This property is very nice, so I do expect it to sell at or over the high side of the comps. After the pending property closes, we can expect it to appraise at or over that price.

Please take a look at everything and let's discuss.

Thanks!