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Real Estate

Why You Must Adjust for Conditions of Sale in a Comparative Market Analysis (CMA)

by Anwell Tsai | October 29, 2008

In a Comparative Market Analysis, adjustments to comparable property oftentimes are made to reflect the motivations of a delineated market area’s typical buyer and seller.  Adjustments for conditions of sale reflect the motivations of buyers and sellers when they are not typically motivated and purchases do not reflect arm’s-length transactions.
ADJUST FOR SALES BETWEEN RELATIVES/FRIENDS
Family members [...]

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