Comparative market analysis

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Why is a comparative market analysis so important? Before selling or buying Land, it is vital that you know the Land's true market value in today’s ever-changing real estate market. Comparative market analysis (CMA) is essential as it's used to determine the value of a property through comparing similar property transactions located within a certain radius of your Land for sale. A CMA will accurately establish a listing price for the seller and will guide buyers in deciding on a fair offer. As an agent, we know that conducting a thorough and professional CMA is critical to minimizing time on the market as well as ensuring that our clients receive or make an offer that is fair and reasonable.