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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
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September 26, 2007 
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)
I want to give you your annual update on what your home is worth. 
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.By saving your presentations to CD-ROMs and distributing them to your prospective sellers and clients you will save alot of valuable time for both of you. Before meeting with them, just drop your presentaions off and have them review it … (1 comments)
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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
The big buzz Zillow. Consumers get pricing online instantly. How nice would that be? The reason no one hasn't done it before because it cannot be done nationally with accuracy. Some markets it can be done nicely and others not even close.
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)
In trying to keep up with the Northern Virginia real estate market, we often focus on what has sold recently, and the current inventory of homes on the market. An often overlooked factor in determining pricing of homes for sale is to examine expired listings, or the homes that have NOT … (1 comments)
Pricing a home is not an exact science. A home is never "worth" an exact value. What determines the value depends on the method used to arrive at a figure. Most Real Estate agents use the Comparative Market Analysis (CMA). By researching similar properties in the neighborhood, one can quickly estimate … (0 comments)
We're working harder these days to inform the sellers of market conditions, This week, one of our builders marketing their home in Springfield Missouri, met with us to discuss market statistics and see what we are doing to sell his home.
We are all told that listings are golden. It doesn't feel okay to not want a listing but that is how I felt on a recent listing presentation I went on. There were two problems. The owner had bought the house only three years ago and paid $570,000 for it. At … (10 comments)
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Last evening I had the opportunity to give a Competitive Market Analysis presentation to a couple in Spotsylvania County Virginia. I had visited the home last week and did some preliminary work during the ensuing days. When I called the male owner of the home to set up the appointment for … (2 comments)
The dangers of overpricing your home are many! Most people think that they have the "perfect" house, with very little flaws, the best view, etc. Are you pricing your home based on what you "think" it's worth, or based upon what friends or family have told you its worth? How about that house down the street, or … (3 comments)
We have more waterfront properties on the market today then ever before…300 homes, 100 condos, and 119 lots are for sale on Lake Martin as of August 7, 2007 according to our Multiple Listing Service. This means that buyers have more to choose from – and they are watching to see … (0 comments)
I am looking for a flyer that I can distribute to a farming area that relates having a homebuyer contact me about the value of their home. I was going to try and put one together from scratch, but thought I'd post something, if anyone has one they use, I could … (11 comments)
Many Realtors are familiar with the CMA - the Comparative Market Analysis. It's standard operating procedure: when a home owner is interviewing a Realtor to potentially list their home for sale, most Realtors will provide a CMA that shows what the Realtor believes the property will sell for, given the condition … (1 comments)
When I do a real estate does a comparable or market analysis, home evaluation I like to compare my numbers against others.I just picked these 3 large home evaluation companies which are available through Yahoo Real Estate. To make the search more accurate I picked a home close to mine in … (7 comments)
There are many ways to present your CMAs to your listing prospects. I am sure most of us have great ideas how to present them and make it look as professional as possible. 
It bewilders me that some Buyer agents don't take the time to do the extra research to properly fine tune their "comps" -- not even full-blown CMAs, mind you. You can tell as soon as they start "defending" their offer:
Mr. Seller decides to sell his home. After living in it for years, Mr. Seller knows he has accumulated a good deal of equity. The property values have gone up, his mortgage balance has gone down, and Mr. Seller has made several home improvements that he knows will increase his home's … (7 comments)
All too often in my professional life I am reminded of how important it is to follow through on one's promises. I have primarily worked in the service sector and have developed an understanding of setting reasonable expectations when making a promise, so I can be sure to meet and usually … (0 comments)
When is the best time to sell? That is a question on many homeowners' minds when thinking about putting up that "For Sale" sign. Like in any market or industry, the law of supply and demand prevails in real estate. But, there are peak seasons and at times, the weather does … (0 comments)
Yesterday I was contacted by a real estate investor from another state. He had been offered an investment opportunity in a town about 100 miles south of me. Price will be ONLY $187,000 but it's really worth $230,000 according to the comps. "Lots of instant equity here" he was told. He … (5 comments)
I received an internet lead in October of 2005. It turned out that the owner had just bought the house a couple of months earlier, in August. I grunted a little, but sent him some information anyway because you just never know. I sent him listings on a monthly basis and also … (24 comments)
Click on the Logo for More Detailed Information
Absorption Rate and Pricing a Listingby Sandi Bauman, Realtor, e-PRO, ABRI was just re-introduced to the term "absorption rate" and how it applies to real estate. Up in my neck of the woods, it's not a commonly used phrase, and as far as I know, not a common practice used when … (17 comments)
It is the time in your life to sell your home, to finally hire a REALTOR to sell your home. Which one will you choose? The one Bobbie Sue chose last year, no... her house set on the market for 198 days. Hey, what about Uncle John's cousin's sister's nephew? Now, he'd be … (11 comments)
I saw a market analysis another agent did the other day on a property that really missed the mark. She could not understand why she was off... ok here are a few things i do... what others might everyone suggest to make them more accurate
Scheduled coverage at the office, Floor time, Up time, opportunity time, it's known as all of the above and probably even more! I have intentionally stayed away from the negative clitches! In a traditional Real Estate Brokerage a licensed real estate agent is usually at the office and available for walk-in and … (11 comments)
For Immediate Release
This short video explains the similarities and the differences of what a fee appraiser produces with what a professional real estate agent produces. It explains some of the constraints the appraiser is under which the real estate professional is free to ignore.
The local MLS is a great place to start with this, but you also have to know what is out around the house your are doing a CMA for. You can get alot of things off the MLS, but you can't really know if they are similar to yours or totally … (2 comments)
With the abundance of information out there for sellers and buyers, I'm finding that a good Realtor is more important than ever. With companies such as Yahoo! and Zillow offering their online instant estimates of a home's value -- buyers and sellers are filing this away as solid data.
Here is a fairly new Real Estate Web presence. I like the wordpress blog you can create. Realivent has created Plugins for CMA, IDX search and property search alerts. Basically a website in a Blog. Realivent has some nice Listing Features as well. They are also very responsive to user issues .Check them out … (0 comments)
One of the serious consequences of over pricing your home is that it will sit unsold on the market. It becomes shop worn and then it simply languishes on the market until it expires. When you re-list the property, the market conditions have usually changed and not only is a serious price adjustment … (9 comments)
Interested in increasing your income by way of BPO's?
For A FREE CMA of your home FREE CMA REPORT.
Click the link below to go directly to our newly added CMA Form all new details on our CMA (Comparative Market Analysis) that can be filled in fast and easy. More information included for this CMA to give us as close to a true CMA value an estimated value as possible. http://www.okaloosamls.com/mailinglist.aspx
Florida Real Estate with Brandon … (0 comments)
One can almost hear Chicken Little these days running around crying: " The sky is falling, the sky is falling." Everywhere you turn there is bad news, not as many units sold, the median price is dropping, etc., etc. Your sellers don't want to drop their price, because their home is … (6 comments)
Broker Price Opinion. 
Okay - today was one of those days. I just typed up a blog about my experience with FREE CMA's and my computer crashed. So let me do the abridged version now:
Recently I was preparing a market analysis for a home where I could not find any good comparables. I was told by the owner that it had some historical significance and they had some documentation. I hadn't seen the home yet but could tell in the initial conversation with one of the owners … (10 comments)
John Murray 
John Murray John Murray of RE/ MAX Gold Coast Realtors has been asked to join a group of local real estate professionals known as Complete Marketing Advantage or "CMA." The group is a real estate networking group, formed in late 2000, which consists of Conejo Valley real estate agents working together … (0 comments)
IT'S MAGIC! THE INCREDIBLE INVISIBLE HOME!
Ann Arbor, MI homes have to be priced "to sell". I'm sure it is that way all across the country. 
Many homeowners believe they know what their homes are worth, but DO THEY?? You know what is for sale in your area, and may know the prices. You know what has sold in your area, and may know for how much. BUT, do you really knw what your home is worth, … (1 comments)
Two Florida Realtor Associations won awards in Realtor Association Executive magazine's “2007 Outstanding REALTOR Association Web Site Contest.” FAR’s member Web site, www.floridarealtors.org , took top honors in the Outstanding Design category. The judges said: “The FAR site is an amazing tool for Realtors. From the opening page, FAR is … (1 comments)
The past four listing appointments I have gone on, I have been informed that they have done extensive research. They told me this upfront. Why? I can only guess to let me know they couldn't be fooled or lied to. Anyways, I did not ask them what they were thinking for … (14 comments)
I love it when I get this question! I've seen many homes that are for sale and not getting any showings and I've seen homes that were sold in 1 hour. When I go online and see that the agent has put in the notes," this home is priced $10,000 under … (0 comments)
If you are trying to get a ballpark figure for what a home might be worth, the following Web sites are a starting point:
Buyers Want Your Home for As Little As Possible. Quickly Find Out What It's Really Worth, by Email, for Free. 
Zillow is finding Home Buyers and Sellers. It is somewhat new unlike House Values and other websites that you might find in cyberspace to see what the value of your house is. 
Link to Listing Homes for Sale - Part 1 of a series 
We are told we need a thick skin to work in Real Estate, at least as thick as our head.
I guess the age old dilemna is do you want to list a home for sale in an Atlanta subdivision that is still building? It is very difficult in normal times to place your resale listing on a competitive footing with price alone in this situation. A new home has new everything, appliances, … (19 comments)
These days, many buyers think they HAVE to offer less than the seller is asking. I'm not sure exactly why. Of course, buyers can't explain it.