COMPARATIVE MARKET ANALYSIS

A Comparative Market Analysis (CMA) is a report prepared by real estate professionals. It is used as a tool for home buyers and sellers to determine the probable sales price of a particular property. The CMA will take into account current listings, pending sales, and closed sales (within the past six months), that are within the same neighborhood and share similar characteristics as a subject property. These properties are called "comparables" or "comparable properties".

Data on all "comparables" along with the subject property is collected for the CMA, then calculated to determine an "average days on the market" and "average sales price" for the homes in the  particular area.

These figures are valuable to all parties involved in the sale of a property. Real estate professionals use the CMA with their clients who are selling, as a means to confidently and appropriately price their home and sell within a relatively short period. It serves as a guide for assisting home buyers in making reasonable offers that will be accepted. Banks and lending institutions rely on CMA reports and others, to determine how much they will lend to qualified buyers.

To sum it up, the "Comparative Market Analysis" is a valuable tool; one that will provide you with the information necessary to determine an "indicated price range" for a particular home in today's market; whether it is one you are ready to sell, or one in which you are considering making an offer.

If you or someone you know could benefit from a "Comparative Market Analysis" or would like more information about this report, please contact me; the only cost to you is a phone call or e-mail to me.

Marie Little

949.697.6653

Marie@arbor-re.com

To e-mail me, you may use the Contact Marie icon on this page located below my photo