The Human CMA

Just suppose that we needed to ascertain your worth. In order to do this you needed to have a CMA done! CMA?? -- oh, that is a Comparative Market Analysis. To determine your worth we need to look at the worth of all of the other ladies in your neighborhood that are in "the market."

In the market for our purposes just means living in the area.

So we list all of your "assets" and "dimensions" and create a document for you. Each of the other ladies in your neighborhood has done the same previously so their worth is known. To determine value you are compared to the other ladies with no extra points being allowed for the quality of your assets -- just that you have them. Once we have determined your A's and D's, we total up your points. We look back at the other ladies and their features (A & D) and compare you to them. Adjustments are made and your value is determined.

You are grossly offended and object loud and long because you believe your worth has been underestimated. However, you are told that your value can be no more that already estimated because no one else in your community has been found to have a value that high.

If you can understand the point I am trying to make this is the way the value of your home is determined using the renowned CMA used in the real estate market.

Sounds crazy and incomprehensible, huh?? Yep, that is my opinion, too.

I have a truly difficult time understanding how you can determine the value / worth of a home by comparing it to others on the market or having been sold within the last year within a one mile radius of your home. Looks like to me a home's value or worth is exactly that --- its value or worth -- compared only to itself.

Am I crazy? Who came up with this CMA stuff??