Not quite ready to work with an agent but still interested in determining the value of a home you have your eye on? You can still perform a home market analysis on your own using these resources, but think of it as a preliminary CMA since an agent can provide a more accurate CMA when you’re ready. See more CMAs should include descriptions and data points for the comparable properties (called “comps” for short) that help inform the fair market value of the home being evaluated. The most accurate comparable homes are typically … See more Let’s say you’re interested in purchasing a home that’s currently listed for $230,000. It’s a three-bedroom, two-bathroom single family home in the … See more If you’re working with a licensed agent, they can provide you with a CMA for every home you’re interested in putting an offer on during the course of your home shopping process. … See more Simply put, CMAs are provided by real estate experts in your local area who have access to more market details than a layperson. However, you can compile a preliminary home market analysis using public data online. … See more WebAug 25, 2024 · 1. Talk to an agent: Call your agent — or find an agent if you don't have one yet — to decide on getting a CMA or a pre-listing appraisal. 2. Get a CMA report: Ask an …
Comparative Market Analysis: A Guide Rocket Mortgage
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WebAug 5, 2024 · Step Two: Heading To Your MLS. Copy the subdivision/neighborhood name. Add in square footage range. Put in the year built range. Add in the number of beds/baths (I recommend … WebThe most common way to determine the value is to prepare a comparative market analysis, or CMA. Unless there are several nearby homes that have sold recently with the same square footage, lot... WebA comparative market analysis – simply called ‘CMA’ in industry parlance – is an analysis of active and recently sold homes similar to yours within a region. This is a very subjective analysis that can range from a couple of pages to a 50-page guide detailing each and every aspect of a home. Keep in mind that a CMA is not an appraisal. list of durham elementary schools