Expert Realtors - Dallas Builder Associations Realtor of the Year

Call Now (972) 317-5900

Thinking about buying/selling? View our Listing Presentation that explains who we are, what we do, and how we do it.

Menu

Buy

Sell

YOUR HOME FREE

Request CMA

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

  • Using Team Nelson is a no brainer. They provide top notch service at half the price of other realtors. On both the buy and sell sides, their advice was excellent, service was professional, there was never any pressure, and their response time was great. (Emma & Johnny are absolute professionals)

    Eric Kihl Avatar
    Eric Kihl
    7/06/2020

    Bill and his team are amazing! We’ve purchased 1 home and sold 2 houses through them directly. They were very hands on/helpful throughout the entire process. Great customer service and wonderful team. A+++ would recommend to anyone

    jmordan06 Avatar
    jmordan06
    6/13/2020

    I recently had the pleasure of working with Team Nelson when looking for my home. From day 1, they was extremely responsive and had great suggestions for homes to view based on what I was looking for. All throughout the negotiations and closing they were there quickly handling any issues that may have risen. They went well above and beyond for me. If the time ever comes when I will be looking for a new home, there isn't any question on who my Realtor will be! Thank you Team Nelson.

    Doug Iarussi Avatar
    Doug Iarussi
    4/06/2020
  • 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

    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

    The Bill Nelson Team is fantastic. They walked us through the whole process and made it as easy as possible. Their office is extremely efficient and everything is streamlined so that you can get answers quickly and your home listed extremely fast. Due to their 3D home tour and high quality photos,...

    roxygirl05gm Avatar
    roxygirl05gm
    2/11/2020