A Comparative Market Analysis (CMA) is an evaluation of similar, recently sold homes (called comparable’s or comps) that are near a home or homes that you want to buy or sell. Buyers, sellers, or 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 for establishing an offer or a listing price.

Performing a CMA involves finding the homes that are similar to the home under consideration, creating an in-depth comparison of its age, size, location, and features of the home. Current market data is what determines fair value, giving you a realistic starting point when it comes to pricing a home.

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