FAQ-What is a CMA?-State Wide Realty Answers
It is that time again to demystify the lingo of the real estate world. If an rela estate agent tells you that they are going to do a CMA for your property or a property you are considering buying they are going to do a Comparative Market Analysis. This is a search for other houses/land for sale in the area that would give you an idea of how much your house/land would sell for in a reasonable amount of time on the market. This report can also be used to let you know if a house you are interested in is priced well or not.
Hope this helps to answer one of Real Estate's Frequently Asked What's That Questions.
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