Posts from August 3rd, 2022

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What is a CMA in Real Estate?

August 3rd, 2022 by Lewith & Freeman Real Estate Inc.

"CMA" stands for Comparative Market Analysis. A CMA is one of the tools used by experienced REALTORS®* to estimate the value of a specific real estate asset. A CMA is an informal appraisal that, like an actual appraisal, establishes value by evaluating and comparing similar properties (usually three to five) that have recently been sold (within the past six months, but preferably three months) in the same area. These comparable properties are often called "comps."

In the performance of the required due diligence for a CMA, a REALTOR® will evaluate the neighborhood, gather details about the subject property, select the comps, a...

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Categories: Sellers, First Time Seller

August
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