What Is A Comparative Market Analysis? In this enlightening video, we delve into the significance of a Comparative Market Analysis (CMA) in the realm of real estate. Discover how CMAs assist in determining property values by comparing similar properties in the same area, known as comparables or comps. Learn about the key factors considered in a CMA, such as property size, amenities, recent sales prices, and market trends. Differentiating a CMA from an appraisal, we explore how CMAs aid sellers in setting competitive prices and empower buyers to make informed offers. Additionally, we uncover the reliance of real estate agents on Multiple Listing Services (MLS) for accurate data to ensure reliable CMAs.

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