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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 and his team are GREAT! Very knowledgeable and helpful during the entire process! I will definitely use them again!

    Holly Hileman Avatar
    Holly Hileman
    11/27/2019

    Very knowledgeable staff, excellent customer service experience as well as “pain free” closing.

    Alana Ramona Avatar
    Alana Ramona
    1/06/2020

    Have used Bill Nelson Your Home Free for two transactions now. I even referred my brother as I trust Bill Nelson and his team. Emma handled my last transaction and I highly recommend choosing Bill Nelson for your next home buy/sell transaction. This is the reason that this is a top-rated agency.

    SQ Avatar
    SQ
    5/06/2020
  • Bill, Emma, Andra and their team were awesome. I worried that free might mean subpar, but they were incredible! They were super responsive, professional and agressive in helping me to sell my house and helping me to find a new one. I very highly recommend you use their services if you want your real estate transaction to go smoothly.

    Jim beanner Avatar
    Jim beanner
    6/29/2020

    My realtor, Emma... you might as well change her name to Emmazing! She went above and beyond to help me fully understand the home-buying process. When it's time for me to take the next step in home ownership I don't know that I would want to work with anyone else. She was honest about the homes we looked at, and wasn't just there to sell me a home, she had my best interest in mind. I felt like I walked away from the experience with a new friend!

    masonboeh Avatar
    masonboeh
    6/22/2020

    Very knowledgeable staff, excellent customer service experience as well as “pain free” closing.

    Alicia Ramirez Avatar
    Alicia Ramirez
    8/11/2019
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