What is a Comparative Market Analysis?
A Comparative Market Analysis (CMA) is both a selling and buying tool used by realtors. It is used to determine how your home compares to other current listings as well as to other comparable homes that have sold recently. A properly understood CMA will allow you and your realtor to determine the highest possible asking price. A buyer, and their representative, will use it to insure that they are not paying too much.
A comparative market analysis is an unscientific and informal estimate of the market value of a property prepared by a real estate broker/agent based on their knowledge of a particular market area and recent sales of similar properties in that market. Realtors often use this method when advising clients what the listing price of homes for sale should be.
A true comparative market analysis or CMA for short is a report that is created to give you an idea of what your home should sell for in the Dallas Fort Worth Metroplex. The CMA will take into account numerous aspects of your home, to include recent sales, pending sales, and current listings that are within the same neighborhood and have similar characteristics as the subject property. Have you ever asked the question, “What is my home value” or wanted to know how to find the value of a home? Texas Home Central provides you with a free house value report also known as a CMA or comparative market analysis. The house values report that we provide comes in two parts depending on your needs. First, you will receive a home value report that is automated. This home values report provides an interactive, web-based report that displays, homes for sale, sold homes and their time on market. This house values report can be sent to you automatically every 2 weeks and you can change that frequency
