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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

  • 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

    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.

    qsan211 Avatar
    qsan211
    5/05/2020

    The Nelson Team made our most recent move a pleasure by securing a full asking price offer on the home we were selling within a few days, helping us preview a number of potential new residences in a short time period, connecting us with a lender who moved at an incredible rate of speed, and effectively negotiating with the seller to deliver an excellent value on the home we purchased.

    Greg Smith Avatar
    Greg Smith
    12/11/2018
  • My wife and I used Your Home Free to sell our home and they made the process so simple and painless. This was our first time to sell a home and we had a lot of questions. They responded immediately to all of our questions and or concerns. I would recommend Your Home Free to my anyone that is...

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    matthew beroth
    12/10/2015

    Team Nelson was outstanding. They walked us through the entire process. I am a person who likes to ask a lot of questions. They were always there for us, ready to answer. They made the entire process as stress-free as possible. They were always professional, and a pleasure to work with. We will be...

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    timindallas
    9/07/2018

    Bill and Team Nelson provided us with truly outstanding service and support! Their market insight, pricing strategy and professionalism were refreshing and spot on! We highly recommend Bill and Team Nelson.

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    Mi Ve
    12/11/2018
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