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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
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What People Are Saying

  • This was a wonderful experience working with this company. Thanks for all your help!!

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    Shelba Young
    7/06/2020

    The best experience.Hassle free and seamless process.Team Nelson led the entire process, listened to our needs and delivered above our expectations.Great Job!

    john eichberger Avatar
    john eichberger
    11/06/2020

    Team Nelson helped us sell & buy, they were great to work with. Our Realtor Kevin did a great job of helping us through our first sale while assisting us in finding a buy and navigating that process as well. I am a difficult person to deal with but no matter the challenge Team Nelson was by our side the entire way. Several times they went above and beyond to make sure we were satisfied on both sides of the buy & sell. I would rate Team Nelson a 10 of 10 and would highly recommend them if you are looking to buy or sale.

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    jweedon85
    9/08/2020
  • Kevin did a fantastic job for our home sale and purchase. He always was available to answer questions, guide us through the selling process and overcame obstacles when we ran into them during the selling process. Overall, I would recommend Kevin and Your Home Free team for your next home sale and purchase.

    Mike Charania Avatar
    Mike Charania
    9/06/2020

    She closed for us and it was a difficult sale , not her fault but the fault of a previous mortgage agent. My wife and I love her and her work. Infact, she is in the process of representing us in a new house purchase. Ahsan Raza

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    ahsan h raza
    5/28/2020

    I asked for specific things when selling my house and they delivered as asked and more! I look forward to purchasing a new house with them. They helped making the process smooth for us and they were always very responsive through email/text/calls.

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    zuser20140522135805439
    11/30/2020