What is a Comparative Market Analysis?
- ngramuglia3
- May 22, 2023
- 1 min read
A comparative market analysis (CMA) is something a real estate agent will complete to determine a home’s value and the asking price when preparing a listing. They will look at comparable homes in your area that have recently sold to determine.
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It is prepared by a real estate professional to determine the value of a property by comparing it to similar properties in the local market.
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In order to make a decision, they will examine previously sold comparable homes in your neighborhood.
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