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Comparative Market Analysis (CMA)

   

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Comparative Market Analysis (CMA):

The competitive market analysis (CMA) is a great tool to determine the market value of a home. The following pricing techniques work with a sold basis of evidence to demonstrate value.

  1. Select properties that are closed sales, expired sales, active homes on the market and pending sales.
  2. Choose homes that are very similar in:
    1. Location
    2. Size
    3. Amenities
    4. Style

  3. Choose the most recent sales available
  4. Look at other homes in the area that sold for more to differentiate that home from the subject property.




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Comparative Market Analysis (CMA) | 12 comments | Create New Account
The following comments are owned by whomever posted them. This site is not responsible for what they say.
Comparative Market Analysis (CMA)
Authored by: Anonymous on Thursday, April 07 2011 @ 12:25 AM CDT
Yes indeed before selling your home look at the CMA first before making decisions. Jerry @ student loans guide.
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