P a t r i c k J e f f r e y R e a l t yAlso known as a competitive market analysis or CMA, this is a relatively informal valuation, usually performed by a real estate agent or firm to assess the market value of a home.
A CMA is prepared by reviewing recent sales of similar properties in the area. The agent will adjust for specific features of the subject property and prepare a proposed listing price for the property.
The quality of a CMA is based to a large extent on the knowledge and experience level of the agent preparing it.
