Market Analysis

MARKET ANALYSIS: Is an evaluation of a home’s value based on similar, recently sold homes in the same neighborhood. A comparative market analysis is not the same as an appraisal, which is performed by a licensed appraiser. A market analysis (or CMA) is prepared by a real estate agent.

IN OTHER WORDS: A market analysis helps a seller determine a price to list when selling a home or helps a buyer determine a price to offer when buying a home.

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