September 2024

How a CMA Works: Step-by-Step Process Preparing a CMA involves several key steps to ensure an accurate estimate of a property’s value. Here’s how real estate agents typically conduct a CMA in New Zealand: 1. Gather Property Information The first step is to gather comprehensive details about the subject property, including: Location: The neighborhood, school zones, proximity to public...

In the New Zealand real estate market, providing a Comparative Market Analysis (CMA) to the seller is not just a valuable tool—it’s a legal requirement. Under New Zealand law, real estate agents must provide sellers with a CMA before listing a property, ensuring transparency in the pricing process and helping sellers make informed decisions. A CMA evaluates a property’s market value by...