Have you as a home buyer or seller ever been offered a "CMA"? Sometimes, we REALTORS forget that folks out there in everyday land, not in Real Estate Land, don't understand our "lingo". We use terms and abbreviations like REO, FHA, CMA, FSBO (fizz-bo), GFE, and VA that mean absolutely nothing to most buyers and sellers. So, today, I'm going to try and clear up one of the most commonly used abbreviations:
The CMA.
CMA stands for "Competitive Market Analysis" or "Comparative Market Analysis". This document gives the interested...