A comparative market analysis is a tool that real estate agents use to estimate the value of a specific property by evaluating similar ones that have recently sold in the same area.

How do I get a comparative market analysis on my home?

While your real estate agent can do a CMA for you, you might want to do your own analysis. You can find comps by searching for recent home sales in your area on listing sites such as realtor.com. One way to quickly assess how much a house is worth is to use an online home value estimator.

Who prepares a CMA?

real estate agent
Your real estate agent will prepare a CMA by examining about 10 properties that are comparable to your own home in location and size to figure out an appropriate initial asking price. Getting a CMA from your agent is often one of the first steps you’ll take in listing your property.

How do I get a free comparative market analysis?

Visiting Websites With CMA Information Some websites, such as realtor.com, offer comparative market information for free. You can either scan lists of homes that have recently sold or get a report prepared by a local real estate agent, who will contact you and probably try to solicit your business at that point.

What does a CMA cost?

CMA program entrance costs $225, but student or academic IMA members are eligible for a $150 discount. CMA exam fees are $300 or $350 per part, depending on how you register and when you take the exams, for a total of $600 or $700. The ongoing annual CMA maintenance fee is $30.

Can you charge for a CMA?

CMA is the term real estate agents use when they conduct an in-depth analysis of a home’s worth in today’s market. They are free. Depending on the agent, they may want a buyers contract first but in general, most will do it for free without a contract.

Are comparative market analysis free?

A CMA is how an agent arrives at a listing price, and they provide CMAs as part of their listing services. So yes, you can get a free CMA, even if you’re not ready to sell at the moment.

Why do real estate companies use comparative market analysis?

The reason these companies want to work with us is that they know our readers represent the most engaged, professional, and committed real estate agents online today. A comparative market analysis (CMA) is the process real estate professionals use to determine the market value of a property.

How does a realtor calculate list price for sellers?

How a Realtor Calculates List Price | Comparative Market Analysis for Sellers! What is a Comparative Market Analysis? It is the process Realtors use to calculate the market value of properties they market. How do I do a Comparative Market Analysis?

How to do comparative market analysis in Vancouver?

A Comparative Market Analysis should provide you with the data the conclusions are based on. WOULD YOU LIKE TO KNOW THE VALUE OF YOUR HOME in Vancouver? Call 604-763-3136 or Email ME for a Free Market Evaluation!

Is it good to use CMA for Comparative Market Analysis?

That’s why it’s best to use homes that have sold as close in time to the home currently being priced. A strong buyer’s or seller’s market might upend CMA values. For example, a rapidly gentrifying neighborhood might not have strong comparables because housing prices can change dramatically within just a few months.