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WHAT IS A (CMA) COMPARATIVE MARKET ANALYSIS?

A Comparative Market Analysis (CMA) is an evaluation of similar, recently sold homes (called comparables or comps) that are near a home or homes that you want to buy or sell. Buyers, sellers, or real estate agents perform a CMA report to establish and find a fair price range for the home the report is created for. The price range from the CMA can then be used as a guide to be used for establishing an offer price or a listing price.

Basically, performing a CMA involves finding the homes that are similar to the home under consideration, and creating an in-depth comparison of its size, age, location, and features of the home. It all comes down to one question: compared to other, comparable homes in this area, how much is this home worth? Answering that question involves looking at a fair amount of data on other homes in the current market.

The process for doing a comparative market analysis includes:

Defining criteria for selecting comparables in close range to the home

  • Determine a list of quality comparables
  • Evaluate the comparables within close range to the home
  • Adjust comparable values for differences in size, condition, location, amenities, etc
  • Estimate the ideal value of your target home based off the findings
  • CMA will be created for this property address
  • This field is for validation purposes and should be left unchanged.
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Real Estate BRE:

Dominion West Properties

CA BRE #01872063

Miguel Contreras

CA BRE #01443317

Neighborhoods

Chula Vista

Bonita

Bonita Bel Air

Eastlake Hills

Eastlake Shores

Eastlake Greens                          

Eastlake Vistas                            

Eastlake Trails

 

 

Rancho Del Rey     

Terra Nova

Rolling Hills Ranch   

Salt Creek Ranch

Heritage 

                 

 

Contact Info

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