How Do I Get a Comparative Market Analysis and What Does a CMA Cost?

Knowing the value of your home is incredibly important as a seller. You want to be certain you get the best price. One of the most powerful tools for determining your home’s value is called a comparative market analysis, or CMA, which is a comprehensive report that uses a plethora of data to compare your home to similar properties nearby. If you are wondering, “How do I get a comparative market analysis?” or “How much will it cost?” you’ve come to the right post. Before we get started, something to be aware of is that a comparative market analysis is different from an appraisal of your home. Top real estate agent Allen Studebaker in the Phoenix, Arizona market says it’s important to know the difference and how to get a CMA done for your home. Want a Peek at Your Home's Value? A great starting point is HomeLight’s Home Value Estimator. We’ll pair your answers to a few questions with housing market data from multiple trusted sources for a real-world estimate in under two minutes. What is a comparative market analysis (CMA)? A CMA is used to compare your property against recently sold properties nearby to determine a beginning listing price for your home sale. A well-done CMA will con...