Who typically conducts a comparative market analysis (CMA)?

A comparative market analysis (CMA) is typically conducted by a buyer's agent. The buyer's agent utilizes the CMA to help clients understand the market value of properties they are interested in purchasing. This analysis involves examining recent sales of comparable properties, assessing current listings, and considering market trends to determine a fair price.

The buyer's agent has a vested interest in accurately assessing property values since it helps in negotiating offers and ensuring that their clients are making informed purchasing decisions. By providing a thorough CMA, the buyer’s agent can advise their clients on competitive pricing, ultimately facilitating a successful transaction.

Other roles, such as mortgage lenders and property inspectors, have different functions that do not involve the comprehensive analysis of market trends and comparable property values. Mortgage lenders focus on financing and loan options, while property inspectors concentrate on evaluating the condition of a property. Market analysts may conduct broader research on real estate trends but are not directly involved in the hands-on analysis for individual buyer transactions like a buyer's agent would be.