Home Buying Terminology - Comparative Market Analysis
Home Buying Terminology: An A-to-Z review of common terms you'll encounter during the home buying process.
The comparitive market analysis (or CMA) is a property evaluation that approximates the market value of a home based on recent sales in the area.
Real estate agents use the CMA to help their clients determine an asking price (for sellers) or an offer amount (for buyers). Basically, the agent compares the size and features of the home in question to the size and feature of recently sold homes in the area.
=========================================
Learn more home buying terms at HomeBuyingInstitute.com
=========================================
The comparitive market analysis (or CMA) is a property evaluation that approximates the market value of a home based on recent sales in the area.
Real estate agents use the CMA to help their clients determine an asking price (for sellers) or an offer amount (for buyers). Basically, the agent compares the size and features of the home in question to the size and feature of recently sold homes in the area.
=========================================
Learn more home buying terms at HomeBuyingInstitute.com
=========================================
posted by Brandon at
8:15 PM
