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Comparative Market Analysis (CMA)

Definition of term

A comparative market analysis (CMA) is an estimate of the value of a property as it relates to other similar properties in the same area. The CMA is used to help sellers determine a fair asking price for their property and can also be helpful for buyers who want to get an idea of what similar homes are worth. This real estate agent or broker analyzes and considers factors such as recent sales prices, square footage, and amenities.

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