Getting A Cma

Expert, localized Los Angeles answers provided by Heather Roy

Getting A Cma
	Dear Mrs. Lank: I own six acres with a big house. My husband passed away a year ago and my house appraised much lower than I expected. My reason for possibly selling is that although I learned to drive a John Deere, it is just too much for this 68-year-old. I don't own the house, it owns me. The appraiser suggested having a CMA done? Should I, how many, what does a CMA consist of and what does it cost? I have three friends in real estate but before I contact them, I would like to know what I am dealing with.

	Answer : A CMA is a Competitive Market Analysis that estimates possible sale price. Any one of your three friends is used to providing CMAs for sellers or potential sellers. The procedure is simpler than a formal appraisal. By all means go ahead and ask for this service from several local brokers. Most are happy to provide it free of charge.
	Edith Originally published on October 16, 2005

	Back to Summary	< Previous \| Next >


SEARCH: Search for questions about Mortgage, Finance & Taxes