Otherwise known as a “CMA”, or an “Opinion of Value”, a Comparative Market Analysis is an estimation of value based on objective data collected from reliable and credible sources. Once a REALTOR® has collected information regarding similar homes to yours, they evaluate the data, comparing like-kind properties, and prepare a written report for your review as the Seller, or homeowner. It’s wise to engage the services of three independent sources, evaluate each for its strengths and weaknesses, choosing a REALTOR® based on their knowledge, reputation in the marketplace, and their ability to work on your behalf.
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