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What is a Comparative Market Analysis (CMA)?

A Comparative Market Analysis (CMA) is an evaluation of similar, recently sold homes (called comparables or comps) that are near a home or homes that you want to buy or sell. Buyers, sellers, or real estate agents perform a CMA report to establish and find a fair price range for the home the report is created for. The price range from the CMA can then be used as a guide to be used for establishing an offer price or a listing price.

Basically, performing a CMA involves finding the homes that are similar to the home under consideration, and creating an in-depth comparison of its size, age, location, and features of the home. It all comes down to one question: compared to other, comparable homes in this area, how much is this home worth? Answering that question involves looking at a fair amount of data on other homes in the current market.

The process for doing a comparative market analysis includes:

  • Defining criteria for selecting comparables in close range to the home
  • Determine a list of quality comparables
  • Evaluate the comparables within close range to the home
  • Adjust comparable values for differences in size, condition, location, amenities, etc
  • Estimate the ideal value of your target home based off the findings
  • CMA will be created for this property address
  • This field is for validation purposes and should be left unchanged.

What People Are Saying

  • Had a great experience. The Nelson team was available and got our house sold for the tip of the market. Definitely recommend

    Kris Phaup Avatar
    Kris Phaup
    12/11/2018

    Highly recommend Bill and his team. They are extremely knowledgeable and professional and the hardest working team in North Texas. Love how they use technology to showcase the homes. Would definitely use Bill and team in the future

    Ed Mountain Avatar
    Ed Mountain
    12/11/2018

    Tara was awesome to work with. I would highly recommend her to anyone.

    She was always quick to respond and help in any way.

    If you need to buy or sell a home in the Dallas area you should give her a call

    dpearson13 Avatar
    dpearson13
    8/17/2018
  • We moved to the area 12 years ago and the Nelsons helped us find not only the perfect home, but the perfect neighborhood, neighbors, schools, etc. It's hard to find a realty team that is patient, available and genuinely concerned in making your home buying experience pleasurable and flawless. We found that with Bill & Andra Nelson and their team and wouldn't recommend anyone else or use anyone else to buy/sell a home.

    Colleen Schaper Avatar
    Colleen Schaper
    12/11/2018

    I have been beyond happy with Emma's help through this entire journey. My home buying experience is beyond a 'process' and that's why I refer to 'the journey'. We began working together one year ago - I had a somewhat trying experience when offering on a home but Emma was resourceful, patient,...

    kwagner az Avatar
    kwagner az
    12/23/2019

    Tara is fantastic to work with! She fielded every call, question and bump in our road without any hesitation!
    She continued to get our input and wants in a house and found many many for us to look at.
    We sold two houses and bought one seamlessly!

    mcrow5028 Avatar
    mcrow5028
    11/04/2019
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