What is a CMA?
Posted by on
One of the key tools in any agent’s arsenal is the Comparative Market Analysis (CMA). A CMA is a comprehensive evaluation of a property's value by comparing it to similar properties that have recently sold in the area. Let's delve into the CMA process and its significance in helping buyers and sellers make informed decisions.
The first step in conducting a CMA is gathering data on recent sales of comparable properties. These properties should be similar in terms of size, location, features, and condition to ensure an accurate comparison. This data is obtained from various sources, including the Multiple Listing Service® (MLS®) and public records.
The next step is to analyze the gathered data and make adjustments to account for any…
42 Views, 0 Comments