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This document provides a detailed Comparative Market Analysis (CMA) to evaluate property values, market trends, and comparable sales and listings in a specific neighborhood and ZIP code. It includes agent and property information, market area specifics, competing listings, closed sales, and marketing strategy insights.
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How to fill out comparative market analysis cma

01
Gather data on similar properties in the area.
02
Analyze the properties' characteristics, including size, condition, and location.
03
Look at recent sales data for these comparable properties.
04
Adjust the values based on differences in features or conditions.
05
Calculate the average price per square foot for the comparable properties.
06
Multiply the average price per square foot by your property’s square footage.
07
Create a report summarizing the findings, including graphs and charts for visual representation.

Who needs comparative market analysis cma?

01
Real estate agents preparing listings.
02
Homeowners looking to sell their property.
03
Buyers seeking to make informed offers.
04
Investors evaluating potential real estate investments.
05
Appraisers conducting property evaluations.
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Comparative market analysis (CMA) is a process used by real estate professionals to assess the value of a property by comparing it to similar properties that have recently sold in the same area.
Real estate agents and brokers are typically required to conduct and file a CMA when representing clients in buying or selling properties.
To fill out a CMA, one should gather data on recent sales of comparable properties, analyze their features and sale prices, and create a comprehensive report outlining the findings along with the evaluated property.
The purpose of a CMA is to provide an informed estimate of a property's market value to help sellers set pricing and assist buyers in making competitive offers.
A CMA report should include property details, recent comparable sales, property condition, market trends, and an analysis of the data supporting the recommended property value.
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