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cma: How Can a CMA Help You in Your Home Purchase? - 11/04/09 09:32 PM
What is a CMA?
1. A Comparative Market Analysis
2. A Competitive Market Analysis
Actually, both of these definitions apply. 
A CMA is a report prepared by a real estate agent to determine the value of a home.   
When you sell your home, a listing broker will do a CMA to establish what the current value is and what the list price should be.  This is done by looking at homes that have sold recently and weighing them against your home to arrive at a competitive price. 
By the same token, the CMA is extremely valuable to your buyer broker when you … (4 comments)

cma: Assessing the Value of a Home - 01/20/09 10:00 AM

 I was recently asked about the connection between a property's assessment value and its potential selling price.  There is often confusion about the various methods that are used to evaluate property and it's important to be able to distinguish between them and to know how they may be helpful to you in your home buying decision.
Property Assessment - The assessment is a tool the town uses to determine your property tax amount.  In Massachusetts each town has an assessor who is responsible for determining the value of each property and its improvements.  The assessor reviews sales data from the … (2 comments)

 
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Claudette Millette - Metrowest Mass Buyer Broker

Ashland, MA

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The Buyers' Counsel

Address: 27 Thomas Street, Ashland, MA, 01721

Office Phone: (508) 881-6230

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