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What is a comparative market analysis?

A comparative market analysis (CMA) is a report prepared by your real estate agent that compares your home to similar properties that have recently sold, are currently listed, or expired in your area. It accounts for square footage, bedrooms, bathrooms, condition, upgrades, and location to estimate a realistic market price range. Agents use CMAs to help sellers price competitively.

Why It Matters

A CMA is the most practical tool for pricing a home. It is more accurate than online estimates because it considers your home's specific features.

Related Questions

What determines my home's market value? How do I know if my home value has changed? How do online home value estimators work? What home improvements increase property value? Do schools affect my home value?

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