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What is a CMA in Real Estate?
Real estate agents often create a comparative market analysis (a.k.a CMA) to estimate the value of your home. This information is beneficial to sellers so they can price their home accurately and it allows buyers to feel comfortable with how much they’re paying for their home. Real estate agents create a CMA by looking at recently sold properties that are similar to your house (or, if you’re a home buyer, the one you want to make an offer on). Similarity is very important since it gets you the closest comparison to ensure you are making an informative financial decision. Things We Look For: Recently Sold: It’s important to make sure…