A Comparative Market Analysis (CMA) is a report that I, as your real estate agent, create to help you determine the current market value of your property.
It is a detailed analysis that compares similar properties in the same geographic area, also known as "comps," that have recently sold, are currently on the market, or were listed but did not sell. The CMA considers various factors, including the location, size, condition, age, and features of the subject property and the comps.
By comparing these factors, I can provide you with an estimated value for your property that reflects the current state of the local real estate market. A CMA is an essential tool for sellers like you, looking to price their property correctly, and for buyers who want to make informed decisions about what to offer on a property.