What is a report prepared by an agent to help sellers set a realistic property price called?

The report prepared by an agent to help sellers set a realistic property price is referred to as a CMA, or Comparative Market Analysis. A CMA is a critical tool in real estate, as it analyzes recent sales of similar properties in the same area to determine an appropriate listing price for a seller's property. It takes into account various factors such as the condition of the property, location, size, and current market conditions.

This analysis provides a real estate professional with essential insights into property value, allowing sellers to make informed decisions about pricing their homes competitively while still aiming to achieve their financial goals. The use of recent data ensures that the price is aligned with current market trends, making it a vital resource for both agents and their clients.

Other options, like a market comparison and property evaluation, may sound similar but do not encapsulate the specific purpose and methodology that a CMA represents in real estate transactions. A buyer synopsis does not relate to pricing for sellers; instead, it typically outlines the preferences and requirements of a prospective buyer.