When searching for a property to rent, buy, or sell, one of the smartest steps you can take is requesting a Comparative Market Analysis (CMA). A CMA provides a clear picture of how a property compares to similar listings in the same area — helping you make informed decisions and avoid costly mistakes.
What is a CMA?
A Comparative Market Analysis evaluates a property’s market value by reviewing recent sales, active listings, and expired listings of similar properties within the neighborhood. It considers factors like size, location, features, and condition.
Why You Need a CMA in Your Property Search
Understand Market Value – A CMA helps you know whether a property is overpriced, fairly priced, or undervalued.
Stronger Negotiation Power – With data-backed insights, you can negotiate confidently, whether you’re a buyer, renter, or seller.
Save Time and Money – Instead of relying on guesswork, a CMA narrows your focus to properties that truly fit your budget and goals.
Spot Market Trends – By seeing how prices shift, you gain awareness of whether it’s a buyer’s or seller’s market.
How to Get a CMA
Most real estate agents and platforms like RBS can provide a CMA as part of their services. Always request one before making an offer, signing a lease, or listing your property for sale.
Final Thought
A property search without a Comparative Market Analysis is like navigating without a map. Request one early in your process and use it to make decisions rooted in market reality, not assumptions.