| Selling Your Home Soon?
You CAN Stand Out From The Crowd... Selling a home is tough right now, but not impossible!
Now’s not the time to hire an amateur. You NEED a real professional
marketing your home. List with The Summit Vista Group at RE/MAX and we’ll create a powerful marketing
plan with premium print marketing plus extensive nationwide Internet
marketing designed to get your home noticed. Act today! To get started, simply complete the form below and click SEND.
Important: all fields marked * below are required. Incomplete forms are rejected by the Market Analysis system as SPAM.
|
Comparative Market Analysis in Real Estate
Definition: When working with Sellers to determine a
listing price or with Buyers to check value before offers to purchase,
real estate agents do what is known as a Comparative Market Analysis,
or CMA.
By going to sold property records, the Real Estate Professional selects
recently sold properties that are similar to the subject property and
in the same area. By comparing these properties, and adjusting for
feature differences, an estimate of value is made for the subject
property.
A thorough CMA might also include comparison to currently listed
similar properties in the area. This would allow an assessment of the
current competition and might lead to an increase or decrease in the
estimate based on the sold properties.
Also Known As: CMA, comparables analysis
|
|