A method of property valuation real estate professionals use to estimate the value of residential properties.
A comparative market analysis helps sellers choose the best listing price for their homes.
A CMA compares a subject property to other homes that are similar in location, size, and features.Ideally, a CMA uses recently sold homes from the same area or subdivision as the subject property.
What's in a CMA Report?
When a real estate agent or broker conducts comparative market analysis, they will create a report that details the findings. While there's no standardized CMA report, it will typically include:
The address of the subject property and three to five or more sold comparables
A description of each property, including elevation, floor plan, features, and the number of bedrooms and bathrooms
The square footage of each property
The sales price of each comparable
Dollar adjustments for any differences
The fair market value of the subject property
The RAE has 4 basic tools for creating a CMA
1 - Paragon CMA
Create a full CMA Presentation via a step-by-step wizard approach within Paragon.
2 - Quick CMA
If you are short on time or simply do not have the need for a complete CMA packet or presentation then a Quick CMA may be a solution for you.
3 - Cloud CMA
Cloud CMA is an online report creator that blends MLS® System Data and Images.
4 - RAETrends CMA aka Top CMA
Top CMA creates a report that adds in the features that RAE Trends has to offer and has a great online viewing feature.
