CMA stands for Comparative Market Analysis; it’s a written report provided by a real estate agent that has information about homes similar to yours that have recently sold. Sometimes they will also include active, pending, expired and cancelled listings.

There is a difference between a CMA and an appraisal. The CMA is performed by a real estate agent who has knowledge of the market in the area that he/she serves. The appraiser is usually independent and works for a bank and even though experienced, he/she might not be aware of current trends in your neighborhood. Only a licensed appraiser can conduct an appraisal.

A CMA conducted by an experienced REALTOR® is a very reliable method to determine an estimated value of your home, and therefore what your list price should be.

Reasons to ask your REALTOR® for a CMA

• Knowledge is power
• You don’t want to sell your home for less than it is worth
• If you price too high you might not be able to sell

What I do when preparing a CMA

• Visit your home to assess its condition and features
• Take time to find truly ‘comparable’ homes
• Consider closings that have taken place most recently
• Look at current, pending and expired listings
• Note the time it takes homes to sell

As a REALTOR®, I prepare CMAs that are thorough, easy to understand, and include photos/details about the homes selected. I also walk through my findings with you so we are on the same page when it comes to selecting the optimal list price for your home.

Please keep me in mind for your next home sale. I specialize in Listing Representation!