What is a comparative market analysis?

A comparative market analysis (CMA) is a type of document used in residential real estate law in Delaware to compare similar properties in the same area to help determine an accurate listing price for a specific property. It assesses the current market value of a home by considering factors such as recent sales prices, comparable properties, and other market conditions. This analysis is conducted by a real estate agent or appraiser and is based on data from public records. It can also take into consideration special features such as a pool or a desirable view that could potentially increase the value of the property. A CMA is a helpful tool for a seller or buyer in evaluating potential value of a home in the current market and can help negotiate a fair price.

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What is a comparative market analysis?

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