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 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.