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comparative market analysis |
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comparative market analysis (CMA) An analysis of the value of property by taking only a very few market indicators, such as price per square foot for land or price per unit for apartments, and then extrapolating to the property under analysis.This does not constitute an appraisal,but may give prospective sellers a basis for setting a sales price for listing purposes. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Also known as Comparative Market Analysis, or just simply comps, CMA is a reliable method of getting the real value of the property. The Difference between an Appraisal and a Comparative Market Analysis An appraisal is a calculation of your homes value at a specific time and is done by a certified appraiser. As part of the process we do a comparative market analysis which compares the property being sold with other properties on the market and also ones we are aware of that have sold. |
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