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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. 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

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Legacy Properties ▪ 307 Washington Street ▪ Westwood, MA 02090 ▪ Gail LiDonni ▪ 781-799-5344 glidonni@LegacyPropertiesRE.comwww.LegacyPropertiesRE.com
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