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Comparative Market Analysis Property Type: Residential Detached Status: Active Subject Property # MLS# Address Subdivision BR Full Baths Half Baths Stories Basement Year Built Original List Price
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How to fill out comparative market analysis property

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Steps to fill out a Comparative Market Analysis (CMA) property:

Gather necessary information:

01
Obtain details about the property, such as its address, size, number of bedrooms and bathrooms, and any additional features or upgrades.
02
Collect recent sales data of similar properties in the same neighborhood or vicinity.

Research and analyze the local real estate market:

01
Conduct research on the current market conditions, including trends, fluctuations, and demand.
02
Look into the recent sales prices, listing prices, and time on market for comparable properties.

Identify comparable properties:

01
Select properties that are similar to the subject property in terms of size, age, features, and location.
02
Ideally, choose properties that have been sold within the past six months to ensure relevancy.

Compare the selected properties:

01
Analyze the sold prices of the comparable properties and make adjustments based on factors such as size differences, upgrades, and location.
02
Calculate the average price per square foot to get a fair market value estimate for the subject property.

Prepare the CMA report:

01
Present the findings in a clear and organized manner, including a description of the subject property, the comparable properties, adjustments made, and the estimated value range.
02
Utilize charts, graphs, and visuals to illustrate the data and make it easier for the recipient to understand.

Who needs comparative market analysis property?

01
Real estate agents: CMAs are essential tools for agents to determine the listing price of a property and advise their clients on the market value. It helps agents negotiate better deals and provide accurate information to potential buyers.
02
Homeowners and sellers: Homeowners who are looking to sell their property can benefit from a CMA. It helps them understand the current market conditions, evaluate the competition, and set a reasonable asking price.
03
Buyers and investors: Buyers and investors can use a CMA to assess whether a property is priced fairly. It provides them with valuable insights into the market value, allowing them to make informed decisions and negotiate effectively.
Overall, a Comparative Market Analysis is a useful tool for anyone involved in the real estate market, as it provides valuable information regarding property values, market trends, and market demand.
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Comparative market analysis property is a method used to determine the value of a property by comparing it to similar properties that have recently been sold in the area.
Real estate agents, appraisers, and property owners are typically required to file comparative market analysis property.
To fill out a comparative market analysis property, you would need to gather information on recent sales of similar properties, analyze the data, and determine the value of the property in question.
The purpose of comparative market analysis property is to determine the fair market value of a property based on recent sales of similar properties in the area.
Information such as the address of the property, details of recent sales of similar properties, and the final valuation of the property must be reported on comparative market analysis property.
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