Today’s real estate market is one of the fastest-moving in recent memory. With record-low inventory in many market segments, we’re seeing multiple offers—and sometimes even bidding wars—for
CMA WHAT
Dated: December 1 2016
Views: 732
What in the world is a Realtor talking about when they say they will provide or give you a CMA? What does CMA stand for? The first thought of the Country Music Awards would be a far cry from what I will be discussing. A CMA is a Comparative Market Analysis; also know as a Market Report. This is a tool at a Realtor's disposal that contains a wealth of information on homes within a specific area. Most Realtors, including myself, provide these for people free of charge. Here is an example of one:
(This example is from a CMA I made back in April 2016. The properties used here are within a third of a mile of 1519 Ty Cobb, Round Rock, TX.) The Realtor will find properties close to the subject property and with similar attributes. A subject property is the property that is being compared to/against. The market report will give an indication what homes in the area are worth by using homes currently on the market, homes that are under contract, and homes sold within the last 3 months. The best piece of information in this report is the sold prices that match the subject property. Upgrades and/or improvements adjust the values for the subject property or comparable properties. Examples of such upgrades, not exhaustive, can be a garage (2-car vs. 3-car); floors (tile vs. carpet); and counter-tops (granite vs. laminate). Using a skilled and knowledgeable Realtor who can understand these reports can give a client (buyer or seller) an edge in a deal.
So if there is a property that you want a CMA done on, feel free to call or email me: jacob@teamprice.com
Jacob Hyde, Realtor & Attorney
Team Price Real Estate
7320 N Mo-Pac Ste 305
Austin TX 78731
Ph: 512-992-8591
Certification: Military Relocation Professional
Website: www.jacob.buyinginaustin.com
Facebook: www.facebook.com/jacobhyderealtor/
Latest Blog Posts
Eating out has been a luxury in the last year, and meeting friends even more of a treat.After working with clients on a beautiful Sunday, I met a friend for an early dinner at Thai Cuisine. He had
While many areas of the economy have contracted, the housing market has stayed remarkably strong. But can the good news last?When COVID-related shutdowns began in March, real estate brokers and
Or is it?Elon Musk recently said in an interview: “It’s going to be the biggest boomtown that America has seen in 50 years”– Austin American Statesman February 12, 2021, and was speaking
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
IDX
