Comparative Market Analysis (CMA) is an
evaluation of similar, recently sold homes
(called comparables or comps) that are near a
home or homes that you want to buy or sell.
Real Estate Agents perform a
CMA report to establish and find a fair price
range for the home the report is created for.
The price range from the CMA can then be used as
a guide to be used for establishing an offer
price or a listing price.
performing a CMA involves finding the homes that
are similar to the home under consideration, and
creating an in-depth comparison of its size,
age, location, and features of the home. It all
comes down to one question: compared to other,
comparable homes in this area, how much is this
home worth? Answering that question involves
looking at a fair amount of data on other homes
in the current market.
for doing a comparative market analysis
criteria for selecting comparables in close
range to the home
Determine a list of quality comparables
Evaluate the comparables within close range
to the home
comparable values for differences in size,
condition, location, amenities, etc
Estimate the ideal value of your target home
based off the findings
Email for your Free Market Analysis today!