Foundations of Real Estate 4

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2/21/2020 Sample Content Topic

https://purdueglobal.brightspace.com/d2l/le/content/115680/viewContent/9224762/View 1/2

Preparing the CMA

You will address the process necessary to prepare a
comparative market analysis (CMA) for a client that has an
interest in a specific property. The CMA is used on a regular
basis by real estate sales agents and is a necessary skill for
the practicing professional.

The following Course Outcome is assessed in this
assignment:

MT361-3: Prepare a competitive market analysis for a real
estate client.

Instructions: Read the scenario and address all the
checklist items in the provided template after completing the
Learning Activity.

Scenario: Henri and Lila have decided to sell their existing
2-bedroom, 2 ½-bath home located on a golf course in Palm
Beach Gardens, Florida, since they have moved north and
bought a restaurant. It has 2600 square feet and has 2
levels and a 2-car garage, built in 2006. It has a pool and
sits on a quarter acre of land. Prepare a CMA so Henri and
Lila can price their home appropriately for sale.

Access the sales comparison template for your CMA.

Checklist:

Based on the scenario, access a real estate site like
Zillow® or Realtor.com®, and do a search of comparable
homes that have recently sold in this market.

Using the template, provide a competitive market analysis
for Henri and Lila on the first tab (see the tabs at the
bottom of the spreadsheet).

Explain what price you would recommend to Henri and Lila
based on your analysis and why on the second tab of the
spreadsheet.

Assignment Details

https://kapextmediassl-a.akamaihd.net/business/MT361/1904c/sales_comparison_template.xlsx

2/21/2020 Sample Content Topic

https://purdueglobal.brightspace.com/d2l/le/content/115680/viewContent/9224762/View 2/2

Access the Unit 4 Assignment grading rubric.

Submit your completed spreadsheet (completing both
required tabs) and submit your completed template to the
Unit 4 Assignment Dropbox.

https://kapextmediassl-a.akamaihd.net/business/MT361/1904c/rubrics/u4_rubric

CMA

Adjusted price per square foot

Purdue Global MT361 SUBJECT Comparable #1 Comparable #2 Comparable #3
Sales Price
Size in square feet
Price per square foot
Date of Sale Current date
Amenities Adjustment
Adjusted price per square foot
Location
Adjustment for location
Indicated value of subject property
Reference: Allen, M.T., & Floyd, C. (2011). Real estate principles (10th ed.). La Crosse, WI: Dearborn.

Explanation

Insert your explanation of the your CMA, and explain the price that your analysis woud best suggest for Henri and Lila’s home below.

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