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TshCoach@aol.com · Guest

Help, just graduated from Real Estate School. Now, how do I do a Comparative Market Analysis? What book(s) would you recommend I buy? I don't where to start? Thanks.

nemmar · Site Admin

Congratulations on your real estate school graduation!!

A Comparative Market Analysis, CMA, is used by Realtors to estimate the market value of a property. Basically, they use recent comparable sales to give a "ball park" estimate of what they think the house or condo is worth. The only way to really get an accurate estimate of market value is by using a professional licensed/certified real estate appraiser. Appraisers use much more in-depth methods in their written reports so that the market value estimate is very reliable - unless the appraiser cuts corners or isn't experienced.

If you are interested in learning how professional appraisers estimat market value you can learn that in my book Real Estate Appraisal From A to Z
http://www.nemmar.com/real-estate-appraisal.shtml