Question: Comparative Market Analysis {CMAJ Instructions for the Learner: 1. Prepare a Comparative Market Analysis (EMA) for the property in which you currently live. You may

 Comparative Market Analysis {CMAJ Instructions for the Learner: 1. Prepare a

Comparative Market Analysis {CMAJ Instructions for the Learner: 1. Prepare a Comparative Market Analysis (EMA) for the property in which you currently live. You may use a template from your workplace or the one provided below. 2. To access the required information for complete your CMA. you will need to complete the following six {5] steps: Step 1: Research past sales of comparable properties Type in your property address to www.rpdata.com.au or www.pricefinder.com.au Check that the information on the website is correct and up to dater and it contains the correct zoning; land area, property description and ownership details \"CITE: If you do not have access to one of these websites. you may enter details of hypothetical properties nearby. Click onto the CMA profiler and enter the address of the subject property and commence a radial search for similar properties that have sold over the last Eu months. Step 2: Research comparable properties currently on market Log onto a recognised property sales database (e. g. domain. com. au. realestate. com. au or similar} and research properties sImIIar to your property, that are currently on the market. This can be done by using the search menus and entering the price-range; style of property and suburb in the search fields. Compare the features of each property with your subject property Step 3: Prepare your EMA Include in your EMA document at least three {3] comparable properties currently for sale and three {3] comparable properties that have recently sold. Step 4: Rate the properties on your EMA Rate each property on your EMA as inferior. comparable or superior to your subject property

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!