What is a comparative market analysis?

A comparative market analysis (CMA) is a tool used in residential real estate law in Washington to help determine the value of a property. It is a comparison of similar properties in the same area that have recently sold. A CMA looks at factors such as the size of the home, the number and size of bedrooms, the size of the lot, and any recent renovations or improvements that have been done. This information is then compared to the features of the home being valued to get an estimate of its value. A CMA is often used by real estate agents to help them price homes when they are put on the market. It can also be used by buyers to negotiate a fair price for the property. When evaluating a property, a buyer should be sure to use an up-to-date CMA to make sure they are getting the true value of the home. Another important use of a CMA is in residential real estate law in Washington. In some cases, a CMA can be used to help determine the value of a property in a dispute over its fair market value. This can be used for property division in divorces or to resolve disputes between buyers and sellers. A comparative market analysis is an important tool for both buyers and sellers in the residential real estate market in Washington. It is an important tool for helping to determine the true value of a property and can be used in negotiations and legal disputes.

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What is a comparative market analysis?

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