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Comparative Market Analysis
What is a CMA?
A CMA is an approximate fair market value (see below) that is given for the property.
The CMA is determined by an on-site view of the property for sale (yours) to examine the condition and features offered. Next, similar properties that have recently sold and current similar listings are compared to your property and adjustments in value are added or subtracted based on the varying features and conditions of the other properties for sale that are similar to yours.
Fair Market Value Defined
The value of an item as established by a consideration of how much an independent buyer would pay to an independent seller in a completely free transaction for the item.
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