Preparing the CMA
You will address the process necessary to prepare a comparative market analysis (CMA) for a client that has an interest in a specific property. The CMA is used on a regular basis by real estate sales agents and is a necessary skill for the practicing professional.
Assignment Details
The following Course Outcome is assessed in this assignment:
MT361-3: Prepare a competitive market analysis for a real estate client.
Instructions: Read the scenario and address all the checklist items in the provided template after completing the Learning Activity.
Scenario: Henri and Lila have decided to sell their existing 2-bedroom, 2 -bath home located on a golf course in Palm Beach Gardens, Florida, since they have moved north and bought a restaurant. It has 2600 square feet and has 2 levels and a 2-car garage, built in 2006. It has a pool and sits on a quarter acre of land. Prepare a CMA so Henri and Lila can price their home appropriately for sale.
Access the sales comparison template for your CMA.
Checklist:
Based on the scenario, access a real estate site like Zillow or Realtor.com, and do a search of comparable homes that have recently sold in this market.
Using the template, provide a competitive market analysis for Henri and Lila on the first tab (see the tabs at the bottom of the spreadsheet).
Explain what price you would recommend to Henri and Lila based on your analysis and why on the second tab of the spreadsheet.
Access the Assignment grading rubric located in the Course Resources area.
Submit your completed spreadsheet (completing both required tabs) and submit your completed template to the Unit 4 Assignment Dropbox.
