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