A CMA is a way to determine your property’s value. Realtors will take information from the Multiple Listing Service (MLS) to estimate a value for your home based off the action of other buyers and sellers in the marketplace.
Your property is compared to other properties that have recently sold, failed to sell, currently under contract, or currently listed. These factors, along with your properties current condition will affect the marketability of your home in St. Louis.
Your real estate agent will then sit down with you to discuss your needs, and together you can select a price to start marketing your home for sale.