A CMA or Comparative Market Analysis is a valuation tool used by real
estate professionals to determine the approximate value of real estate.
An agent uses similar properties that have recently sold, are currently
under contract and currently for sale to determine an approximate value
of your real estate based on utility, size, age and location.
The following is a sample CMA that I completed for a property that shows the suggested list price of the subject at $153,568.37. This house sold for $147,000.00.
Real estate valuation is not an exact science. Values will vary from agent to agent. Make sure you don't overprice your real estate if you really want to sell. Would you buy an overpriced home?