What is a Comparative Market Analysis?
- ngramuglia3
- Apr 10, 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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The living space of the subject property is multiplied by the price per square foot of your lowest and highest comparable properties to create the range, which is used to generate the CMA Result.
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When preparing a listing, a real estate agent will do a comparative market analysis (CMA) to determine the worth of a home and the asking price.
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