Why is Requesting a CMA Report Important?

Requesting a CMA Report is the first step in determining the value of a home.  A CMA, or a Comparative Market Analysis, is an evaluation of similar, recently sold homes (called comparables or comps) that are near a home that you want to buy or sell. Real estate agents perform a CMA to find a fair price range for the target property. The current and accurate market information received from the CMA report can then be used as a guide for establishing an offer or 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. It all comes down to one question: compared to other, similar 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 CMA report provides the necessary up-to-date market information.Requesting a CMA Report Find Home Values San Antonio Boerne Texas Hill Country homes and land for sale

The process for doing a comparative market analysis (CMA) 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

Requesting a CMA report  is FREE. Please complete the form below.

 

  • CMA will be created for this property address
  • This field is for validation purposes and should be left unchanged.

 

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