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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

  • The entire team was efficient, knowledgeable, caring, and responsive!!! From the initial meeting, suggestions and expectations were realistic. Photos, follow-up, contracts - they had all areas covered.

    AdrienneBrown28 Avatar
    AdrienneBrown28
    7/15/2021

    Bill and his team were very responsive and knowledgeable. His is a true team format, so you will probably work with a group of different individuals in the process. Bill was a little conservative on price early on but was very open to our desired goals and was very successful in driving a great price.

    mikeweller41 Avatar
    mikeweller41
    11/08/2021

    Team Nelson helped us find our dream home and I couldn’t speak higher about the people on their team! From start to finish, we felt completely in the loop throughout our journey to find our home. Any and all questions we had along the way were promptly answered and they truly made us feel taken care of. If your looking for a team of individuals who are caring, professional, and genuinely care about you, look no further and go with Team Nelson!

    richie quez Avatar
    richie quez
    5/19/2021
  • I have bought and sold 4 houses through Bill and his team. In the process, I have saved over $80k in realtor commissions. His team provides a very high level of service and quite frankly, I don’t know why anyone would use someone else.

    billcorr11 Avatar
    billcorr11
    3/23/2021

    Great experience!!! Very knowledgeable and great team to work with. Kept us updated with the status of our home. The process was very smooth. We definitely recommend their name.

    Harsh Vardhan Avatar
    Harsh Vardhan
    5/18/2021

    Team Nelson was very responsive and kept us informed as well as providing expert advice during the sales process. Kelly Pittsinger was our primary contact and her expertise during and after the sale was invaluable. We highly recommend their services.

    mdreid3 Avatar
    mdreid3
    9/21/2021