Real Estate Glossary



  Market Value

You can get a good feel for the market value of a home by asking whether the listing agent compiled a "comparative market analysis" (CMA). This written report on the property examines comparable homes in the area that have recently been sold, are currently on the market, or are currently under contract.

The CMA will help you figure out whether the asking price is in line with other comparable houses in the neighborhood.

 

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Stephanie Smith, REALTOR,
Westfield, New Jersey Real Estate
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Coldwell Banker Residential Brokerage,
209 Central Avenue,Westfield, New Jersey 07090

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