| A Comparative Market Analysis or CMA is simply an | | | | etc. Square footage, size of lot and types of up |
| in depth property analysis that helps determine a | | | | grades. A good Agent uses all of this information to |
| property's value. One thing to note is that a CMA is | | | | determine a value on the property and a good place |
| performed by a Real Estate Agent not an appraiser. | | | | to start on a price. Buyers can use that information to |
| Typically CMA's are requested by sellers who want to | | | | their greatest benefit? |
| know what they can list their home for. However, in a | | | | Active Listings - An active listing is simply a home that |
| buyer's market like we are experiencing now. Savvy | | | | is currently on the market for sale. An active listing |
| buyer's will request Comparative Market Analyses on | | | | does not necessarily determine property values. A |
| properties that they are looking to purchase in order to | | | | neighbor can list their home at whatever price they |
| negotiate the best deal possible. Savvy buyers also | | | | want, it may never sell but it is still an active listing. With |
| know that buying a home right now will probably be | | | | this understanding active listings should be viewed as a |
| the greatest investment they ever make. | | | | benchmark. In a buyer's market like Utah is currently |
| What information can be expected when you receive | | | | experiencing most homes will sell for less than the |
| a CMA? A good CMA includes all of the following: | | | | listed price. |
| types of properties: Rambler vs Two story, multi level | | | | |