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Blog entries tagged with "cma":
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
and brokers listed on this site. These real estate profiles, blogs and
blog entries are provided here as a courtesy to
our visitors to help them make an informed decision when buying or selling a house. ActiveRain
Corp. takes no responsibility for the content in these profiles, that are written by the members
of this community.
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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 came across this article by chance last week, and I thought I would share it. On December 5, 2007 the West Virginia real estate commission has advised its real estate members that Brokers Price Opinions by anyone other than a licensed appraiser is considered unlawfful.
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?
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.
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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:
ARE YOU CURIOUS ABOUT YOUR BALTIMORE COUNTY HOMES VALUE? 
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)
During the National Association of Realtors Conference and Expo in Las Vegas, I had an opportunity to hear Rich Barton, Chairman and CEO of Zillow.com, speak about Zillow's interactions and future plans for the real estate community. He was an excellent speaker, very animated in his remarks, and actually very funny. … (14 comments)
According to the Iowa Realtors Association the Storm Lake Board is up considerably over 2006.The Median Price for 2006 was - $69,500The Median Price for 2007 is - $88,800That's an increase of 28%Days on Market have increasedDOM in 2006 at midyear - 86DOM in 2007 at midyear - 118That's an increase … (0 comments)
Are you a two stepper on a one stepper?? For the majority of my my career I believed to be an effective listing agent you had to be a one stepper. Go to the listing presentation with all of your tools. CMA's, brochures, testimonials, paperwork,etc. I truly thought that … (12 comments)
We all know that getting the listing is our lifeblood. Without them we obviously would not be able to sustain our careers. However, when you compromise your integrity and go so far as to buy a listing, you are not doing you or your client any favors.
When we study real estate data to understand a large market or to prepare a CMA for a specific property, we use averages and medians to make the data easier to understand. Do you understand the difference between averages and medians? Can you explain their meaning to your clients? If you … (1 comments)
Please visit my website at http://www.mattsarver.com and click on the tab on the left to order a free market analysis updated monthly allowing you to search homes activly on the market, recent solds in your community or for a community you are interested in. The website is http://www.mattsarver.com or can e-mail … (0 comments)
So you got a call from a potential seller to list a home. 
I went through a great training and I did read a couple of excellent books on how to work with FIZZBOs. Well, I had an appointment today. I came early and I saw a sale by Owner signon my way there. I tried not to think to much, because otherwise I … (6 comments)
"How much can I get for it?" This is usually one of the first questions I am asked when meeting with prospective sellers for the first time. When I give them my answer, some sellers smile and some grumble. And they want to know how I came up with my estimate. … (0 comments)
Remember last year when we had that dramatic windstorm in the Pacific Northwest region of Seattle and environs? And we got to have romantic evenings by candlelight; that's called taking lemons and making lemonade!
Last night I met with Wayne Newton; he had called me to talk to me about selling his home in Spotsylvania County Virginia.
WWW.REAREALTORS.COM
I went to a listing appointment last night- was further away than I normally would go but it was a referral so of course I was going to speak to the sellers about their home. I waited for about 10 minutes and the owners finally arrived. They were very nice people- … (7 comments)
What is a Comparable Market Analysis, Maryland Realtors, Auctioneers Providing Superior Real Estate Auction Services in Maryland, Harford County, Cecil County, Baltimore for our clients. Service. Integrity. Results. Search the MLS NOW! What is a Comparable Market Analysis?A CMA is the best way to determine a reasonable asking price for your home. … (0 comments)
When I first started in Real Estate, I took a lot of time learning about CMA's and how to do one properly to come up with an accurate market value. I used this type of valuation up until the past few months when I started to use an Absorption Rate instead. … (8 comments)
If the statistics are true and sellers place a heavy emphasis on the Agent helping them determine house price, why are so many listing presentations "Generic" at best?
There is light at the end of the tunnel. I have noticed lately there are more buyers out there than in the past few months. Also, only sellers who are serious about moving continue to list their homes. The speculators are keeping their homes off the market for the moment.
In today's market a seller needs every edge he/she can get in order to sell their home. It is the Realtor's responsibility to not only share a Comparable Market Analysis (CMA) with them, but in the current market we also need to go a step further. With inventory out pacing demand … (12 comments)
Home prices in Hunters Creek currently range from $187,000 to $496,600. The following information is based on activity from 7-17-2007 through 10-17-2007:
That ranch down the street sold for $185,000. But c'mon, it's nowhere near as nice as your 2-story, right? You could get at least $15,000 more since you remodeled that kitchen a few years ago. Plus you need to get $200,000 in order to afford the down payment on that Victorian … (1 comments)
I ran across a blog recently talking about a letter that was received by a 70 yr old woman stating that a transfered executive was interested in buying her house. I received a similar letter within the last year.
Simply put, these letters are a marketing tactic used to try and … (0 comments)
I guess I'm just naturally curious ... I like interactive posts. I enjoy talking with other Realtors about how they run their business and sharing my ideas as well. And what a wonderful outlet for my curiosity ... Active Rain!
You are considering selling your home, but are unsure at what price to list it. A home a couple of blocks away sells for $325,000 and another one right down the block sold for $310,000. So, you think to yourself, that maybe you can add $25,000 to the asking price because … (5 comments)
That is some of the best advice I have heard recently. It certainly applies to sellers in this market. The idea is to price aggressively. 
September 29, 2007
I am heading home tomorrow...leaving a nice week in St Martin behind. And with this vacation I have learned a new way to sell real estate...
It is what we do. We create CMA's for people all the time. CMA stands for a Current Market Analysis or Competitive Market Analysis. This is where we do research to determine what our OPINION of value is for a specific property. This answers the question: What will my home sell … (21 comments)
Chesterfield Valley Market Snapshot by Doug Aegerter, Keller Williams Realty Southwest
It wasn't so long ago that I was having a conversation with my wife over dinner. We were talking about how quickly things had changed in the real estate market. I shared a few ideas and told her, "I think I will write a blog entry about it."She looked at me … (13 comments)
DO consult a Realtor to get up-to-date comparable properties. 
Recently, I had the opportunity to list a house. The numbers (CMA) pointed to a healthy selling price in the $240's. The owners, however, claimed they would lose out financially if the house wasn't listed in the $280's. You see, they borrowed $30,000 on the equity of subject house to build a new house … (11 comments)
The cost per square foot of resale homes may be a decent place to start looking for value, but it is not what is best for our clients. When I get a call to list someone's home, often their largest financial asset, the first steps I perform are a tax search and comparative … (0 comments)
Appraisal is not an exact science. In fact, appraisals are considered "opinions" of a property's value.
I've been getting asked exactly how Realtors determine the value of a property before we put it on the market. Unfortunately, it DOES have a lot to do with your neighbors, and especially if they … (0 comments)
Just wanted to share an idea for sharing your laptop presentations with prospective sellers and buyers.
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I love being a Realtor® and helping people with buying or selling a home, but lately I have been wondering what are some sellers thinking? It is a simple fact that Correct Pricing is 90% of Marketing a Home for Sale. There are sellers who still don't understand that you have … (7 comments)
Back to the Basics: Buyers Checklist - Presenting the Offerby John Occhi, Hemet CA REALTORMission Grove Realty FOR MORE ARTICLES FROM THE "BACK TO THE BASICS" SERIES, CLICK HERE
I was called earlier this evening to do a CMA on a Townhouse in Homestead. When I went to do my search I noticed that there had only been one sale in the development this year, and the list price was $174,900 and the sale price was $225,000. Since it was … (5 comments)
I have been trying to cover this subject from several different angles during the past month on my blog. I hope I am not boring you. Give me feedback if you think this helps clearify the process: Here goes: 
Now is the time to sell. We've got a sellers market in Saint John at the moment. This means that your more likely to get asking price or greater for your home. If your thinking about selling your home, why not find out what your home is worth. Call Luther today … (0 comments)
