A Comparative Market Analysis (CMA) involves collecting information on real estate activity in your area so you can arrive at a fair market value or listing price for your home. It is a key service your realtor provides to help you price your home competitively in the market. Most notably it would include looking at recent sales of properties similar to yours, though looking at recently expired listings and other properties offered for sale is also important to determine what price may be too high and what the competition is looking like.
Preparing a CMA is not just about collecting recent activity in your neighborhood; it requires carefully selecting comparable properties and using good judgment when comparing and interpreting the data and information.
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