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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

  • 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

    Overall pretty good, knowledge and response pretty quick. listing strategy need to improve little bit. and wish really help me thru the all the buying process.. I bought with builder but had some issue, hope he also involve more part to it, especially the CLOSING process.

    wangyix4 Avatar
    wangyix4
    6/16/2020

    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
  • Kevin was spot on with the value of the house that we sold and the home that we purchased. He told us from the beginning that the home that we were purchasing was over priced by approximately $20k and sure enough the appraisal came back at his estimate. His knowledge of the market saved us...

    justajeffrey Avatar
    justajeffrey
    11/09/2019

    We LOVE Bill Nelson! Our family and family friends have used Bill’s team for YEARS, so when it came to be our turn, naturally Bill was our #1. Emma and Casey were so helpful when it came to expanding our knowledge since it was our first time buying a house!

    alex t ludeman Avatar
    alex t ludeman
    11/23/2020

    Second time in 3 years that we have used Team Nelson to list our home. I can't say enough about the professionalism and personal service. Bill Nelson and Kevin Englebrecht are top notch, always available when we had questions and helped us get the most out of our home(s) during a strong market and most recently in a more challenging market. We highly recommend Team Nelson when you have a home to sell and when you are looking to purchase a home. And don't forget to use them even in a new build situation they will help you negotiate and will be there to support you during the entire build stage.

    Brad Drown Avatar
    Brad Drown
    12/04/2019
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