Found 2 blog entries tagged as CMA.

Real Estate Word of the Day: Fair Market Value

Fair market value (FMV) is the estimated price at which a property would change hands between a willing buyer and a willing seller, both having reasonable knowledge of the relevant facts and neither being under any compulsion to buy or sell. It represents an accurate and objective valuation of a property under normal market conditions.


Key Factors Influencing Fair Market Value
  • The location of a property significantly affects its value. Properties in desirable neighborhoods with good schools, low crime rates, and proximity to amenities such as shopping centers, parks, and public transportation tend to have higher market values.
  • The condition of the property is another critical factor.…

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Real Estate Word of the Day: Comparative Market Analysis

Comparative Market Analysis (CMA) is an evaluation of similar, recently sold properties, or comparables, in a specific area. It provides valuable insights into the current market conditions, helping stakeholders determine the fair market value of a property. CMAs consider various factors, including location, size, age, condition, and amenities, to accurately assess a property's worth.

When conducting a CMA, real estate professionals analyze recent sales data of properties that closely resemble the subject property. These comparables serve as benchmarks for determining the property's value. Additionally, CMAs may also consider active listings and expired listings to gauge market trends and…

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