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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

  • Bill was always very straight forward to work with and he always did exactly what he said he would which isn't always the case for those in the home industry. He also went above and beyond to make sure we were happy ... If we ever look to sell or buy in the Dallas area we would work with Bill again for sure! Very trustworthy!

    George Mrvos Avatar
    George Mrvos
    12/11/2018

    Incredibly professional realtors that really care about their clients. They go to extreme measures to find the right house for their clients and are experts in the areas where they operate ensuring max value, whether you are buying, selling or both. Cannot recommend them enough!

    Scott Schaper Avatar
    Scott Schaper
    12/11/2018

    If you are looking for the very best Real Estate Agency to sell your home, then Team Nelson is the one for you! Bill's team sold our home with the utmost of professionalism, in a very timely manner, for the price we where hoping for. Bill has a great team, with each member exhibiting a individual...

    mikeyd1117 Avatar
    mikeyd1117
    6/19/2018
  • The Your Home Free team is very professional and efficient. They helped us through the entire process. I Highly recommend them and we will back for their service in the future.

    justin patzig Avatar
    justin patzig
    7/25/2017

    Bill Nelson and his team at Your Home Free are professional, honest, provide great marketing skills and keep there clients updated on all activities. Team Nelson works with there clients through closing, providing instructions as to what will be required and expected at the title company as the...

    lindakalmbach3 Avatar
    lindakalmbach3
    3/24/2016

    Casey helped us buy our new home and made sure everything went smoothly! She made sure it was a stress free process.

    Misha Tritsch Avatar
    Misha Tritsch
    12/11/2018
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