Comparative Market Analysis (CMA) contains important information and data for determining the estimated true value of a property, taking into account current market conditions: a kind of "snapshot" of current property values. Its goal is to assist the buyer or the seller in accurately determining the selling price or the offer amount.
In an estimate based on comparative market data, the property value is determined by analyzing the market processes and the supply-demand relations, using a set of data known from similar properties’ listing prices and specific transactions. The comparison is based on the following factors:
- listing/selling price,
- time of sale,
- usage aspect,
- environmental aspect,
- infrastructure,
- technical condition,
- size,
- legal, regulatory compliance.
Here at OC, we provide a detailed, fact-based, well-structured CMA to save you money and time; whether you are buying or selling. Turn to us with confidence, you're in good hands!