Whether you’re a seasoned real estate professional or just starting out, having a free comparative market analysis template (CMA) is a valuable tool. A CMA helps you determine the value of a property by comparing it to similar properties that have recently sold in the area. This information is essential for both buyers and sellers, as it can help them make informed decisions about pricing and negotiations.
There are many different ways to create a CMA, but using a template can save you time and ensure that you’re including all of the necessary information. Many online resources offer free CMA templates, so you can easily find one that meets your needs.
What to Include in a CMA
A CMA should include the following information:
- The subject property’s address, square footage, number of bedrooms and bathrooms, and lot size.
- A list of comparable properties that have recently sold in the area.
- The comparable properties’ addresses, square footage, number of bedrooms and bathrooms, and lot sizes.
- The comparable properties’ sale prices and dates of sale.
- An analysis of the data, which should include a discussion of the subject property’s value and any factors that may affect its value.
In addition to the above information, you may also want to include the following in your CMA:
- A map of the area showing the subject property and comparable properties.
- Photos of the subject property and comparable properties.
- A list of amenities in the area, such as schools, parks, and shopping centers.
How to Use a CMA
Once you have created a CMA, you can use it to:
- Determine the value of a property.
- Make pricing decisions.
- Negotiate with buyers and sellers.
- Market your properties.
- Attract new clients.
A CMA is an essential tool for any real estate professional. By using a free comparative market analysis template, you can save time and ensure that you’re providing your clients with the best possible service.
Conclusion
A free comparative market analysis template is a valuable tool for real estate professionals. By using a template, you can save time and ensure that you’re including all of the necessary information. A CMA can help you determine the value of a property, make pricing decisions, negotiate with buyers and sellers, market your properties, and attract new clients.
If you’re not already using a CMA, I encourage you to start today. It’s a simple and effective way to improve your real estate business.
