What Sellers Should Know About CMAs
Whether you are buying or selling a home, your real estate professional can give you a snapshot of the local market known as the competitive or comparative market analysis or CMA. These are convenient reports that help sellers choose a listing price and buyers to make competitive offers on a given home.
CMAs are generated from multiple listing service software and vary greatly depending on the search fields that are input by the real estate professional. Each quantifier makes the search increasingly specific – type of home (detached vs. attached), zip code, number of bedrooms, baths and living areas, square footage, and numerous other search criteria. Continue reading