What is Comparative Market Analysis?

A comparative market analysis (CMA) analyzes the sales activity of similar properties in the same neighborhood or market area. Real estate agents and brokers prepare CMAs for free for their clients, normally using data from the MLS (multiple listing service).

The CMA provides a snapshot of what a property is worth at a given point in time. In dynamic real estate markets where property values change quickly, a CMA can quickly become outdated, sometimes after only a few weeks.

Because no two properties are exactly the same, a CMA includes price adjustments to the ‘subject property’ – which is another name for the property being purchased or listed for sale.

These adjustments create a more accurate, apples-to-apples comparison that is then used as a guide for buyers and sellers to determine the fair market value of the property at a specific point in time.”
If we can do this explanation on that page. And maybe bold lead it with “

Is your home worth more than you think? (above the contact details)

Your home is a huge part of your life, both financially and emotionally. So the decision to sell a house is not one to be made lightly. You need to determine a marketing strategy. Price the house to attract buyer interest. There are a million other details to sort out. You can depend on Gamble & Sharp to sell your house at the best price possible in the shortest amount of time. Sell your home with confidence.

Book A Property Assessment Today