Comparative Market Analysis (CMA) is an essential tool of a real estate professional. A CMA is used to estimate the value of a property through comparison to similar property transactions in a community. A CMA can help in estimating a sale price. A CMA can also help buyers in making a fair offer. Real estate professionals know that CMAs are helpful in minimizing a property’s time on the market and helping sellers or buyers evaluate a property.
The real estate professional’s knowledge of the area in which a property is listed gives clients a distinct advantage. A market evaluation can help estimate the value of the property in the neighborhood based on recent sales, but it is also takes into account other subjective and non-quantitative information. The ultimate determination of value is how much a buyer is willing to pay for a property. With the help of an online support service, a real estate professional gathers information and applies it to a particular property. Hallissy Group agents have online support service at their disposal to search by firm, city, or type of property.