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INSTITUTE OF CERTIFIED MANAGEMENT ACCOUNTANTS OF SRI LANKA Incorporated by Parliament Act, No. 23 of 2009 29/24, Shaka Private Road, Colombo 04, Sri Lanka Tel/Fax:4617013,2506391,25070287 Fax: ext.118

How to fill out cma form

How to fill out cma

1. To fill out a CMA (Comparative Market Analysis), follow these steps:
2. Gather information: Collect relevant data about the property you need to analyze, such as property details, recent sales, listing prices, and market trends.
3. Analyze market data: Review the collected information and compare it to similar properties in the area. Evaluate factors like location, size, condition, and amenities.
4. Determine adjustments: Identify any differences between the subject property and the comparable properties, such as square footage, number of bedrooms, or features. Make adjustments to account for these variances.
5. Calculate value: Use the adjusted data to estimate the value of the subject property. Consider both the active and sold listings to determine an accurate value range.
6. Prepare report: Present your findings in a clear and organized manner. Include relevant data, charts, and a summary of your analysis.
7. Review and finalize: Proofread your report to ensure accuracy and completeness. Make any necessary revisions before sharing it with your intended audience.

Who needs cma?

1. A CMA is necessary for various individuals and entities, including:
2. - Homeowners who want to sell their property and determine an appropriate listing price.
3. - Real estate agents who need to advise their clients on pricing strategies and provide market insights.
4. - Buyers who want to assess the fair market value of a property they are interested in purchasing.
5. - Mortgage lenders who require an accurate valuation before approving a loan.
6. - Appraisers who need to conduct a thorough analysis of property values for their profession.
7. - Investors and developers who need to evaluate the market before making investment decisions.
8. - Insurance companies that need to determine the market value of a property for insurance coverage purposes.

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What is cma?

CMA stands for Comparative Market Analysis, which is a report that helps determine the value of a property by comparing it to similar properties in the area.

Who is required to file cma?

Real estate agents and brokers are typically responsible for preparing and filing a CMA when working with clients looking to buy or sell a property.

How to fill out cma?

To fill out a CMA, gather information about the property, research comparable properties, analyze market trends, and present the findings in a report.

What is the purpose of cma?

The purpose of a CMA is to help sellers set an appropriate asking price, assist buyers in making competitive offers, and provide a realistic view of the current real estate market.

What information must be reported on cma?

A CMA typically includes details about the subject property, comparable properties, market analysis, and recommended pricing strategy.