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Blog entries tagged with "cma":
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I am looking to refer a great customer to a REMAX Agent in Mass. Please contact me, this could be a great opportunity for both of us!!
They have for me!
Talking to other agents around the office and working on deals you have opportunity to share experiences. Not only is it interesting but I usually learn something that I didn't know, or a bit of additional info is gleened that can be added to a subject that I recently learned about.
Negotiation is back in style, and is likely to remain a necessary part of buying or selling a home in today's residential housing market. 
We can all relate to the timewasters which "The Ethics Guy", Kim Spencer, touches on: "Time, it's not on our side; tick-tock, tick-tock"One of my peeves is showing misrepresented properties; the ‘one bedroom and den being represented as a two bedroom' example Kim raises wastes my time, my client's time, and … (5 comments)
What is a Home Evaluation, commonly known as a Comparative Market Analysis (CMA)? When you are in the market to sell or purchase real estate, it is very important to have a CMA done on your property or a property you are thinking about purchasing.
Home values, free house values, house values, CMA, comp check, etc. these area just some of the ways we refer to a homes value. As most of us have seen, there are different versions and reasons to seek out home values. 
The e-Market Analysis is a free home value estimator in the St Cloud area. I wish that I could cover a larger area, but I can only manually figure out estimates of home values in areas covered by the St Cloud MLS (Clearwater, Clear Lake, Becker, Foley, Rice, Avon, Albany, Cold … (0 comments)
When sellers receive a low ball offer, it seems to cause greater offense than if the buyer poked them in the eye. The common reaction is to feel insulted., and angrily reject the offer right off hand. But, low ball offers are a fact of life when it comes to … (0 comments)
A market analysis not only helps a Buyer understand what the market value of a home should be, but it can also be used to help determine which home (say, out of 3 excellent choices) is a better investment. Usually there is a discrepancy large enough to make a fair determination … (3 comments)
Within the past week I was in competion for a listing with as far as I know 2 other realtors. I did meet with the sellers last Saturday as they were in town to interview realtors for the purpose of listing the home, which they inherited within the last 6 months … (5 comments)
As with all industries, real estate professionals have developed a lingo and acronyms to help them communicate with each other more easily. For the first-time homebuyer (and even some veterans), making sense of property listings can sometimes leave you feeling like you’re deciphering the DaVinci Code. Let’s take a look at … (1 comments)
It seems like the popularity of Zillow.com is rapidly growing. I’ve heard a few times lately, “Oh, I’ll just check my home’s worth on Zillow!”
PRICE SELL A HOME! 
How to price your Michigan home
REALTORS! BUYERS! HOMEOWNERS! THIS FREE SEMINAR IS DESIGNED ESPECIALLY FOR YOU! REALTORS!!! Are your deals not making it to the closing table due to the declining market?BUYERS!!! Is the declining market intimidating you . . . causing you to feel that you need to wait to buy a home? HOMEOWNERS!!! Have you noticed … (3 comments)
Gone are the days when sellers were in the driver's seat of the real estate market. Today buyers are flexing their muscle, and most are not ashamed to make low offers. To counter an unrealistically low offer and defend your asking price, here are some things that you can do.
Project 365 march 31 April 1-2-3Monday picture....I forgot. Already it's project 364!!Tuesday & Wednesday pictures have to do with a call I got on duty. A gentleman called & needed a CMA on 5 properties. I was under the impression that we would be listing these homes in the near future, … (0 comments)
… (2 comments)
If you are considering selling you Lake Winnipesaukee home is and are wondering what your home might sell for in today's market, I would love to provide you with a COMPLIMENTRY Property Profile and Pricing Study, otherwise known as a Comparative Market Analysis (CMA). I will begin my research by analyzing what … (0 comments)
We realtors all do CMA's for our buyers and sellers (I hope all agents are doing due diligence CMA's!). The typical market analysis focused exclusively on recently sold properties to establish comparative market value. It that's still your perspective, it may be time to rethink your CMA's.
- CHICAGO & ILLINOIS SHORT SALES - 
For all of us that are veterans in real estate we've heard every possible line a potential home seller can say while they try to negotiate in a position of strength! The problem is that most of them really don't know what they are saying and how it will most likely … (44 comments)
Is it worth someone's time to earn about $600 to do a mls search, about 5-6 showings, and 3 CMAs???
There is no place like home! Last night I had the opportunity to go with my mother, daughter and a couple of girlfriends to see an unbelievable performance of Wicked at the beautiful Broward Center for the Performing Arts in Downtown Fort Lauderdale, FL in Southeast Broward County.
Falcon Height, MN Market Update
Best Business Practice - Following Up One of the most crucial elements in this business and to be considered a professional is to follow up with your prospects. Even when they visit an open house, a thank you note or email is important and professional. If you make representations that you will … (10 comments)
It's 10:35 PM and I have spent most of the day working on videos.
I made a video directing people to a listing of mine where the seller will sell via the Nehemiah Program.
I made a video of the interior. I made a directional video from the East and from … (6 comments)
I don't know how many of you like to do an open house but I love to meet new people. I have all this top producing agent in office asking me to hold an open house for them and I always say "Yes, why not" But for last couple times I … (0 comments)
Oh, Easter. A time of peeps and Palms and bunnies. Hot cross buns, so soft and gooey fresh out of the oven. That's how your Monmouth County real estate or new MLS listing should greet all the neighborhood buyers. So warm and sweet-smelling that taste buds swell, lips turn moist and the tummy … (46 comments)
Today as I review the daily hot sheet of new listings, I was reminded once again that some homeowners still view the real estate market as a game. 
Earlier we were talking about giving too much information away and I was just about to give a hot little tip to make sure that you don't give too much away for free. What you do is give your prospects salt. What does that do? It makes your listener or reader … (2 comments)
BACK page BACK page PRICING YOUR HOME ---How do you set a listing price... Read onIt is a fact that when buyers look at your home, they are always curious about what you paid for it. Well this is a public record at the courthouse. And of course the price you … (0 comments)
BACK page BACK page PRICING YOUR HOME ---How do you set a listing price... Read onIt is a fact that when buyers look at your home, they are always curious about what you paid for it. Well this is a public record at the courthouse. And of course the price you … (0 comments)
Would it be wrong for this scenario.... I have a buyer, looking at buying property out of my area and knowledge base, but they want me to do all the paperwork on the deal. Can I contact a more local agent, offer them a 33% referral agreement and all they have … (0 comments)
Lately, when I present a market analysis to Paradise area residents interested in selling their home, the discussion becomes similar from house to house. “My neighbor just sold their house for 5% more than that less than a year ago” or “ I had my house appraised for more than … (0 comments)
Late in the morning I had a buyer walk into the office looking for s very specific area. We started on the computer and and found about a dozen homes, which we narrow down to 3 homes by lunch. We then agreed to get some lunch and get back together at … (6 comments)
Tipp City Home Sales Statistics for 2007 from Joyce & Terry Thomas, Real Living, Tipp City. Check out the current statistics below. These statistics are pulled from Real Living's TrendGraphix which is exclusive to Real Living. The information is pulled directly from the Multiple Listing Service. For more detailed information regarding … (0 comments)
I primarily sell REO (Real Estate Owned by lenders, usually through the foreclosure process). A huge part of selling foreclosures lies in performing BPOs (Broker's Price Opinions), which are about halfway between a CMA and an appraisal. 
So what are the market conditions in Sandy, Oregon you ask? Well, they are as follows:As of January 2008 the current number of homes on the market was 151.The average days on the market was 43 and the homes sold for 98% of their list price.Also, there is currently 13.7 … (0 comments)
2007 Residential Home Sales for Bristol Borough from 1/1/2007 - 12/31/2007
SMA's? New term? As a real estate broker you run in them a lot in the course of your travels. You meet with a seller, have toured the real estate, have shown the owner the comparable sale/listing market analysis. Seller leans back in the kitchen chair, hands behind his head with … (5 comments)
FREE Quick Over-The-Net Home Evaluation
When meeting with my potential sellers, I have to used comparable foreclosures or short sale listings when performing a comparative market analysis. For one, like it or not, these homes are my sellers' competition. By showing these foreclosure properties, my sellers learn a very valuable lesson in pricing the property at … (3 comments)
The other day I did a cma for a friend on a house she's thinking of buying. It's a nontraditional purchase in that she's buying it from the estate of her grandmother. The purpose for the cma is simply to establish the property's current fair market value. It's the 2nd cma as apparently … (0 comments)
When a homeowner decides to list their property with Janet and me, it is our responsibility to market that property. We have a very comprehensive marketing plan which includes daily exposure on television via Optimum Homes and postings on over 20 web sites. Our marketing plan is designed to ensure that … (3 comments)
Out of San Diego comes the news that the first legal action for "buyers remorse" has been filed. Some of the details are sketchy but basically the Buyer's think that THEIR agent withheld information from them (due diligence) and/or the appraiser "manipulated the appraisal" was the term the plaintiffs used. The … (3 comments)
Comparables : An abbreviation for "comparable properties"; used for comparative purposes in the appraisal process. Comparables are properties like the property under consideration; they have reasonably the same size, location, and amenities and have recently been sold. Comparables help the appraiser determine the approximate fair market value of the subject property. … (0 comments)
Neighborhood PricesWould you like to know how many homes are for sale in your neighborhood, or what your neighbors house sold for, or even the list price of homes that are for sale on your street?If you would like to receive a complimentary one-time, or periodic custom report showing active homes … (0 comments)
Sellers must be patient in this market! Our market has changed, it is taking longer to sell a home today verses six months ago. Pricing your home correctly is a must! Get a professional opinion from a realtor, or pay for an appraisal. Remember: you can't price your home on what … (1 comments)
I was informed last week that I won a pricing contest.Late last summer my business partner and I were out on our weekly (new listings) tour when we came across an old farmhouse in East Wenatchee built in 1909. It was kind of a cool old house with 4 bedrooms, 2 baths, and … (6 comments)
http://www.sierrastar.com/features/story/14335440p-14851488c.html
Every once in a while I run across an agent that obviously has no idea of the appraisal process, and i can't help but think if this agent knew a little bit about the appraisal process, it could greatly help the agent be a better agent. I would highly recommend all … (8 comments)
I don't always prepare a full-blown CMA package for listing presentations. Sometimes, the seller already has a handle on the market and knows what is for sale and which homes have sold. Besides, for sophisticated sellers, they really don't need to read all that miscellaneous data that often accompanies CMAs. For … (3 comments)
What sellers are often told is more true right now than ever. Price your house to sell. Review the prices of the homes in the area. Get your agent to help you review:What homes have sold?How do they compare to your home?What was their appraised value?What was their sales price versus … (4 comments)
If I had a nickel for every time I have been asked this question by a client whose home I was about to market...Well, let's just say I'd have a lot of nickels.
CMA is real estate shorthand for "Comparative Market Analysis." A CMA is a report prepared by a real estate agent providing data comparing your property to similar properties in the marketplace. The first thing an agent will need to do to provide you with a CMA is to inspect your property. … (0 comments)
Here is what happened in Fieldstone Farms for the month of December, 2007
Sometimes I am so surprised by the world around me. Especially the real estate world. I often get phone calls where somebody says:Hello, this is so and so from this and that realty. You previewed a listing of mine a few weeks ago and I wonder if I can ask you … (6 comments)
This morning I received a call from my office informing me that I got offer on my listing. I thought to myself, "Really?, I didn't get a call from the REALTOR, letting me know to expect one, I didn't even know that the home was shown". So I scurried on down … (9 comments)
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If you are planning on selling your home in the next few months, you have some homework to do! 
Helping Sheridan County Home Sellers Implement a Smart Pricing StrategyWhile Sheridan, Wyoming has not encountered the wild swings of home values like many other areas of the country, we have seen a shift to a more normalized real estate market condition. Sheridan home sellers have preconceived notions of the value of … (1 comments)
I am a newbie and would like to say hello to everyone in the network. My Real Estate license is inactive at this time, I want to return to selling again, I love working with people and developing new relationships. I have been very busy having and raising 4 terrific children, … (12 comments)
Below you will find a description of my Competitve Market Analysis. 
We check the stock market sometimes everyday either on line or T.V. or reading the newspaper. But homeowners fail to take stock of an even weighter investment: their own home. Do you know the value of your own home?A Comparative Market Analysis (CMA) provided by a real estate professional can bring … (0 comments)
Even if you don't plan to sell your home in the near future, it is a great idea to keep track of what your local market is doing. Not the national market, Virginia or even Northern Virginia real estate. I want you to have access to real estate data affecting the … (1 comments)
Did you see the computer specialist who presented a "scientific real estate study" on the Today Show this morning? Their teaser before the commercial was, "It's different than what your real estate agent is telling you." Well, the first scientific point was: (1) DON'T OVERPRICE YOUR HOUSE. I don't know about you, but … (7 comments)
It's my experience that many real estate agents take listings at prices that are way over market value, just to get the listing, because they think it's what the seller wants. Do you know agents who do this? I think it's irresponsible to the Seller. As real estate professionals, we're supposed to … (14 comments)
Sometime you just want to look without having that salesman looking over your shoulder.This is what this site is all about. You pick what you want to look for and just enjoy.It is the best of both worlds, lots to choose from but not having that look from the salesperson.Ok, here … (0 comments)
I have been a Real Estate Consultant for sometime now and I couldn't be more excited about the market now and in 2008! Some realtor's are scared and for good reason. The market is a scary place right now where ever you live, especially for clients that have to sell … (1 comments)
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The Hard Facts, Part I: The family had about 8 of those blow up Christmas ornaments in their yard when I got their, all bobbing in the breeze, and lending a surreal air to the coming experience. I was there to tell them that they had little choice but to start … (2 comments)
For those of you who haven't made a mortgage payment lately, or those agent who just got into the business, Here it is:A short sale is the sale that includes debt forgiveness by the lender (under a deed of trust). The lender agrees to take a lesser amount that what's owed … (7 comments)
ARE YOU CURIOUS ABOUT YOUR BALTIMORE COUNTY HOMES VALUE? 
Beautiful colonial built in 1939 available. Living Room with Fireplace and beautiful moldings, dining room, large family room, eat in kitchen, library, powder room.This house has 3 family bedrooms, 3.5 baths on a half acre of flat useable property. Backing to a golf course the view from the family room are … (1 comments)
In my market I continue to see agents and brokers obtain new listings by a list at any price strategy. More times than not the listing price is too optimistic and the property sits on the MLS until there is a drop in price. This move may get a little attention, but heady … (4 comments)