Real estate blog entries tagged with cma by Chris Ann Cleland, Associate Broker, Northern VA (Long & Foster REALTORS®, Gainesville, VA)

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Home : Blogs : Chris Ann Cleland, Associate Broker, Northern VA : Northern Virginia Real Estate News & Opinion : Tag "cma"

cma: What is a CMA (Comparable Market Analysis)? - 10/09/09 09:55 AM

A CMA, comparable market analysis, is a way to determine the current market value of a home. It's how an agent determines the price for which a home will sell. Good listing agents do these before advising a seller to list price. Likewise, good buyers agents do these before advising a buyer what to offer.
Market value is determined by taking the last 60 to 90 days worth of sales that are in the same neighborhood and most like the house in question (subject). Then you adjust for differences between the subject and those that sold. If a home that sold has … (16 comments)

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Chris Ann Cleland, Associate Broker, Northern VA

Bristow, VA

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Long & Foster REALTORS®, Gainesville, VA

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