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What Is a Comparative Market Analysis Everything You Need to Know

A comparative market analysis (CMA) is a tool used in real estate to estimate the value of a property. It compares the property to similar properties that were recently sold in the area. This analysis provides an estimate of the current market value of the property. Learn more about what a CMA is and why it is important.<br>

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What Is a Comparative Market Analysis Everything You Need to Know

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  1. What Is a Comparative Market Analysis? Everything You Need to Know www.jillteam.com TOP 1% OF DAYTON REALTORS

  2. What is a CMA? A comparative market analysis (CMA) is a report that provides information about the value of a property, based on the recent sales of similar properties in the same area. Typically prepared by a real estate agent or an appraiser, a CMA helps a seller to determine the appropriate price for their property.

  3. Here are some things you need to know about a CMA: What is included in a CMA? A CMA includes information on recent sales of comparable properties in the same area, along with details on the condition and features of those properties. It may also include information on properties currently for sale in the area, as well as expired or withdrawn listings.

  4. How is a CMA prepared? To prepare a CMA, the real estate agent or appraiser will conduct a thorough analysis of the local housing market. They will gather data on recent sales, including information on the price, location, size and features of each property.

  5. How can a CMA benefit sellers? A CMA can help sellers determine a realistic price for their property, based on the current market conditions. This can help them avoid overpricing their property, which could lead to a longer time on the market and a lower sale price.

  6. About Us Jill Team is a team of real estate agents who can help you in buying or selling properties. Jill Team’s unique approach has built a remarkable track record. They have extensive knowledge of real estate and marketing trends. They have custom-developed software that gives you the most comprehensive Internet marketing & research tools available. They have abundant construction & renovation knowledge & can provide referrals to reliable tradespeople.

  7. Contact Us +1 (937) 303-1888 www.jillteam.com 51 Plum St. #220, Beavercreek. OH 45440 TOP 1% OF DAYTON REALTORS

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