What is a (CMA) comparable market analysis?
Are you buying a home or selling a home in the Greater Houston area? A Comparable Market Analysis (CMA) is an evaluation of similar homes that have recently sold near the property that you want to buy or sell. A Real Estate Agent performs the market analysis report and establishes a fair market price range that maximizes your earnings and sells the home in a satisfactory time frame. The price range from the comparable market analysis can be used as a guide for establishing an offer price or a listing price for the property.
Performing the analysis involves finding homes that are similar to the property under consideration, and creating a comparison of its size, age, location, and features. This analysis allows the real estate agent to determine how much the home is worth.
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