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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:
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.
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.
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!
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.
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.