Preparing an Accurate CMA

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One of the most frequently asked questions by Realtors at Training Sessions that we moderate is how to prepare an accurate Comparative Market Analysis. The following is an outline of presentations given at Realtor Training Sessions.

Be subdivision specific in both MLS and Public Records.

No more than 3 months from date of valuation, for selection of sales.

Sort by Living Area (if subject is 1250 SF then search from 1150-1350)

Eliminate those having major differences (pool, water, room count, etc).

Search by Grid if there are not 5-10 sales within the subdivision fit 1-4 above (be sure to screen by size and eliminate major differences).

Place sales on market grid in order to see major differences and be able to adjust for these differences.

Sample Market Grid: http://gulf-to-bay-appraisals.com/Market_adjustment_grid.pdf

Marten Davis, SRPA

Gulf to Bay Appraisals serving the Greater Tampa Bay Area including: St Petersburg Florida. Marten W. Davis, SRPA principal Appraiser of Gulf to Bay Appraisals.

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Article Citation
MLA Style Citation:
SRPA, Marten W. D. "Preparing an Accurate CMA." Preparing an Accurate CMA. 19 Dec. 2008. . 7 Feb 2012 </real-estate/preparing-an-accurate-cma/>.

APA Style Citation:
SRPA, M (2008, December 19). Preparing an Accurate CMA. Retrieved February 7, 2012, from /real-estate/preparing-an-accurate-cma/

Chicago Style Citation:
SRPA, Marten W. D. "Preparing an Accurate CMA" . /real-estate/preparing-an-accurate-cma/

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