What is a CMA?
Simply put, a Comparative Market Analysis, or CMA, is a report used to determine the fair market value of a home. Based on local market data, a CMA takes into account recent and pending sales as well as current listings. From this information, we can establish an appropriate listing price for your house. This price may need to be adjusted as the market changes to ensure the home (or Subject Property) remains competitively priced.
What is a buyer tour?
A buyer tour is report a real estate professional puts together when a buyer is ready to tour properties. It contains pertinent information about each home including photos, loan, neighborhood and school information.
What is the "Subject Property"
The "Subject Property" is a term used to describe the Seller's home that is being analyzed to calculate a suggested list price.
What is a "comp"
"Comp" is short for "comparable". These are properties deemed comparable to the Subject Property.
Why did you call it "Cloud" CMA?
The term cloud is used as a metaphor for the Internet, based on the cloud drawing used to depict the Internet in computer network diagrams as an abstraction of the underlying infrastructure it represents. Typical cloud computing providers deliver common business applications online which are accessed from a web browser, while the software and data are stored on servers.