CMA (Comparative Market Analysis) value is an informed price taken from the list of recent sales in the vicinity of the property being valued. CMA Info uses the industry standard accepted CMA valuation.
In places like the USA and UK one finds that suburbs tend to have rows of identical properties. In this situation doing a CMA is relatively easy - the price of a property is the base price for the area i.e. they all have the same starting point. The only change for a particular property being allowances for renovations - hot tubs, sun decks, additional rooms, etc...
In South Africa, the situation is very different. Suburbs are not always uniform and houses differ in size and shape from one property to the next. In Cape Town, for example, one will find a 100 year old Victorian house right next door to a newly built two storey mansion. This can make valuing properties rather difficult as this new property may be the latest sale in the area.
CMA Info valuations allow for this by including a range of sales within the vicinity of the property being valued. The use of our GIS mapping system enables us to find properties in the vicinity of the subject property. This allows us to produce valuations using correct CMA data for both full title and sectional title properties. The resulting CMA shows the sample properties selected for use in the valuation and allows you to exclude any that you do not feel are suitable.
So ... at the click of a mouse ... find the property you are valuing, click on the CMA Valuation, accept the default search criteria or change as you feel necessary, click on continue and there you have it.