comparative market analysis

CRAIG BLACKMON IS A REAL ESTATE ATTORNEY, BROKER, AND INNOVATOR IN SEATTLE.

Comps (or Comparables)

Recently sold properties of similar age,  style, condition, and location.  The closer the similarities, the better the comp. Comps provide the basis for a Real Estate Broker’s analysis of value and are the basis of a Comparative Market Analysis. Of the characteristics...

Comparative Market Analysis (CMA)

A comparative market analysis is a Real Estate Broker’s formal opinion regarding the value of a particular property. The agent looks at comparable properties (or “comps” for shorthand). A savvy seller will look at two different sort of comps when deciding...

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