Comparative market analysis
People also ask
What is a CMA report in real estate?
Real estate agents and brokers create CMA reports to help sellers set listing prices for their homes and, less commonly, to help buyers make competitive offers. 1 Individuals can perform their own comparative market analysis by researching comparable properties (known as comps) on real estate listing sites, such as realtor.com .
What does CMA stand for?
A comparative market analysis (CMA) is an estimate of a home’s value used to help sellers set listing prices, and to help buyers make competitive offers. The analysis considers the location, age …
What is a comparative market analysis (CMA)?
A comparative market analysis, commonly abbreviated as CMA, is a report prepared by a real estate agent to help a client determine the value of a home. The report analyzes three or more recently sold properties similar to the home in question, usually chosen based on their similarities in size, location, age and quality.
What is a CMA and do I need one?
A CMA can be valuable for homebuyers and home sellers. Find out what CMA is, the costs and whether you can do your own or should pay someone. The real estate market can be a mystery. Housing prices can change with the seasons as well as the economy. Available inventory ebbs and flows, which no doubt impacts prices.