What is Your Property Worth?
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A comparative market analysis – ‘CMA’ is an analysis of active, pending and recently sold properties similar to yours and within the neighborhood. This is a very subjective analysis that can range from just a couple properties in a table to a few pages detailing each and every aspect of the property. We consider 5 areas preparing the CMA, Future Property Value, Market Conditions, Property Characteristics, Pending sales and Comparable Sales. The suggested value assigned to a property in a CMA is purely subjective and based on what real estate brokers believe they could sell your property for in the current market.