Comparative Market Analysis (FREE)

Comparable Market Analysis, also known as a “CMA,” is an analysis of recently sold homes, called “comparables”, that helps establish a price range for a home. Real estate agents perform a comparative market analysis for their clients to help them determine a price to list when selling a home or a price to offer when buying a home. 

The purpose of a CMA is to help take the guess-work out of what price a home will likely sell for.  Additionally, a CMA can help eliminate bank appraisal problems once a buyer and seller agree to a price as the appraised value should be close to a real estate professionals suggested listing price.