{"id":8651,"date":"2026-05-12T08:08:33","date_gmt":"2026-05-12T08:08:33","guid":{"rendered":"https:\/\/www.officialpropertyrecords.org\/blog\/how-to-use-a-cma-to-assess-property-value-in-your-neighborhood\/"},"modified":"2026-05-12T08:08:33","modified_gmt":"2026-05-12T08:08:33","slug":"how-to-use-a-cma-to-assess-property-value-in-your-neighborhood","status":"publish","type":"post","link":"https:\/\/www.officialpropertyrecords.org\/blog\/how-to-use-a-cma-to-assess-property-value-in-your-neighborhood\/","title":{"rendered":"How to Use a CMA to Assess Property Value in Your Neighborhood"},"content":{"rendered":"

Good news:<\/strong> You can get a strong ballpark value using public records + nearby sales.<\/p>\n

Start here:<\/strong> Check property value and records by address<\/a><\/p>\n

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\n Quick shortcut:<\/strong> Run an official property record search by address at
\n OfficialPropertyRecords.org<\/a>.\n<\/div>\n
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Estimating Home Value<\/h2>\n

Accurately determining a property’s value is essential for both buyers and sellers. Various methods exist for estimating home values, with the Comparative Market Analysis (CMA) being one of the most prevalent. A CMA assesses a property’s value by analyzing recently sold comparable properties in the same locality.<\/p>\n

What are Comparable Sales?<\/h3>\n

Comparable sales, often termed “comps,” refer to properties that have recently sold and share similar qualities with the property being evaluated. Key factors include location, size, age, condition, and amenities. A thorough CMA will incorporate these comps to better estimate a property\u2019s market value.<\/p>\n

How to Use Comparable Sales<\/h3>\n
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  1. Select the Appropriate Comps:<\/strong> Identify properties that are similar in size, age, and condition that have sold within the last few months.<\/li>\n
  2. Adjust for Differences:<\/strong> Make necessary adjustments for differences in specific features such as the number of bedrooms and bathrooms or special amenities.<\/li>\n
  3. Calculate the Average Price:<\/strong> Determine the average price per square foot from the comparable properties and apply this to the property in question.<\/li>\n<\/ol>\n

    Understanding Assessed Value vs. Market Value<\/h2>\n

    It is important to recognize the distinction between assessed value and market value. The assessed value is used primarily for taxation and determined by local tax assessors based on property characteristics and regional real estate trends. Conversely, market value reflects what a buyer is willing to pay for a property in the current market environment.<\/p>\n

    Factors Influencing Property Value<\/h2>\n

    Several elements can significantly impact property values, including:<\/p>\n