Master Site Valuation Secrets Unlike Anything You've Known
Leveraging Comparative Market Analysis
A comparative market analysis (CMA) is a tool used to evaluate a site's value by comparing it to similar properties that have recently sold in the area. This method provides a benchmark for determining a property's fair market value and is essential for making competitive offers. When conducting a CMA, consider factors such as the property's size, condition, and amenities, as well as recent sale prices of comparable properties2. By mastering this technique, you can ensure that you are paying a fair price and avoid overpaying for a property.