A CMA is a data-driven study of comparable properties — recently sold, currently pending, and actively listed — that establishes a defensible price range for the home you're considering. It is the difference between an emotional number and a strategic one.
Key Points
Weighting
Comparables weighted by proximity, recency, size, lot, condition, and finish level.
Purpose
Informs both offer price and contingency posture.
The Buyer's Checklist
- Weighting
Comparables weighted by proximity, recency, size, lot, condition, and finish level.
- Purpose
Informs both offer price and contingency posture.