what is a cma in real estate

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Comparative market analysis

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  • 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 is a CMA and how does it work?

  • Simply put, CMAs are provided by real estate experts in your local area who have access to more market details than a layperson. However, you can compile a preliminary home market analysis using public data online.

  • 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.

  • Is a free CMA in real estate a good idea?

  • A free CMA in real estate is standard. Real Estate agents rarely ever charge for doing a CMA. Quite often you檒l see real estate agents offering a free comparative market analysis as part of their business plan. The goal in offering a free CMA is to build rapport with a client and potentially do business with them at some point in time.

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