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RealNova
Real Estate Group
"Experience
Real Estate Innovation At Its Best"
How Much Is Your Property Worth?
 A
Comparative Market Analysis (CMA)
is an estimated sale price for a
property given current market
conditions. It will encompass sales
of similar properties that have sold
in your neighborhood/area within the
last 6 month. It's prepared by a
real estate broker or sales agent
and it usually comes in the form of
a report. It is not an appraisal,
which is a professional estimate of
your properties value. There is no
fee associated for preparing a CMA.
It gives you as our client an
estimate of the properties current
value or valuation.
An agent needs to walk through the
property in question before
preparing a CMA. Unless there are a
lot of concerns, the entire process
shouldn't take long. However,
property condition does affect
price. If you have specific plans to
do work on the property, let us
know. Also, sometimes our CMA gives
a price range rather than a set
price. You're more likely to see
this in markets were there is
variation in terms of property size,
age, architectural style and
condition.
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