What is a Comparative / Competitive Market Analysis “CMA”?
A Comparative or Competitive Market Analysis “CMA” is prepared for a seller by a real estate agent to determine the best price for a home. The CMA compares selling prices of homes that are similar to a particular property in location, style and amenities. A CMA must not be confused with a formal appraisal. Realtor housing estimates are for their use only and never to be used as an appraisal. What is the difference between ” Market Value ” and ” Market Price “? Market value is an estimate of the most probable price that a property will bring on the open market based on an analysis of comparable sales and other pertinent information. Market Price is what a residential property has actually sold for. Who do we provide this valuable service for? When a seller considers listing their property with us, we will provide a Comparative / Competitive Market Analysis “CMA” as a part of our listing presentation. We gather information from county tax records and the local MLS. With the information w
