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Posts tagged ‘market price’

What’s a Comparative Market Analysis?


Most real estate agents will offer you a free Comparative Market Analysis. 

What is a Comparative Market Analysis?

A Comparative Market Analysis, or CMA, is not an appraisal but it serves as an estimate of the market value of your home. It’s a good indicator of what your home will likely sell for in the current real estate market. 

Your home’s value is affected by its location and condition as well as by the conditions of the local real estate market. It is not affected by how much you owe on the house or how much money you’ve invested into the house. 

How is a CMA calculated?Image

In a CMA, your property is compared to other recently sold  properties of similar size and similar neighborhood. 

We also compare the tax assessment of recently sold homes in your neighborhood to their sale price and calculate a assessed value to market value ratio for your neighborhood. Then, we can plug in your assessed value and determine a likely market value. ..  

How can you get a CMA?

Most realtors will provide you with a CMA free of charge. Don’t hesitate to contact us at 908-917-4189 or at TeamZuhl@gmail.com for your free CMA today! 

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