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Rainmaker
346,803
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Getting in the door to do it, then getting them to sign. The actual putting together of a CMA is a synche.

Oct 10, 2017 04:50 AM
Rainmaker
359,309
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Gathering the information

Oct 10, 2017 09:13 AM
Rainmaker
742,768
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

CMAs are not hard to do - It just takes time to make sure the numbers are right. 

Oct 10, 2017 01:00 PM
Rainmaker
2,434,379
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - Probate Broker

If you do not know your market it will be more challenging than it really is.

I wish you all the best with your studies.

Oct 10, 2017 07:55 AM
Ambassador
2,227,231
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Finding comparables if it's a very unique property. Otherwise, cookie cutters and large communities, you'll soon be able to do with your eyes closed!

Oct 10, 2017 05:52 AM
Rainer
20,266
Dan Capra
LAER Realty Partners - Lowell, MA
Listing/Buyer Agent

Lately , it has been finding comparable properties with the shortage of inventory! 

Oct 10, 2017 05:34 AM
Rainmaker
2,448,110
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

In this market, it is finding comps within the neighborhood. However one of the greatest skills is learning not just how to chose coms, but how to add or deduct for differences and what each is worth

Oct 10, 2017 05:21 AM
Rainmaker
1,294,463
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Area Real Estate

Market placement vs. others. Listing might come in at a certain price but will buyers 'buy' that price?

Oct 10, 2017 05:06 AM
Rainmaker
200,914
Dennis Swartz
Rickert Property Management - Columbus, OH
ABR, CRB, CRS, GRI, CMCA, MBA...experience counts!

Price-comps are normally all over the place and you have to compare and decide.

Oct 10, 2017 02:07 AM
Rainmaker
2,101,730
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Doing a CMA is simple.

Oct 10, 2017 02:04 PM
Rainmaker
968,799
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

What Peter said!

Oct 10, 2017 09:13 AM
Rainmaker
1,280,282
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Kyle Beers I would say having the proper adjustments to make the comparable properties look like the subject.

Oct 10, 2017 07:06 AM
Rainmaker
3,927,754
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Choosing the right comps.

Oct 10, 2017 05:51 AM
Rainmaker
4,269,363
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

CMAs are not difficult if you really know your market.

Oct 10, 2017 05:42 AM
Rainmaker
599,575
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Explaining the difference between CMA value and the inspired value the owner had in mind.

"My Great Auntie Eugene said it a hot market and I could get anything I want for the house! It's a sellers market! All that is needed is a sign in the yard"

 

 

Oct 10, 2017 05:30 AM
Rainmaker
493,715
Nathan Gesner
American West Realty & Management - Cody, WY
Broker / Property Manager

Finding the time to focus on it. It's a pretty simple process but does take a little time to research.

Oct 10, 2017 05:20 AM
Rainmaker
611,110
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Depends on the neighborhood. Cookie cutter houses with the same 3-5 modles in a communit are easier than places with custom houses where every house is different and on a different size lot.

Oct 10, 2017 05:10 AM
Rainmaker
2,265,960
Richard Weeks
Dallas, TX
REALTOR®, Broker

Making adjustments.

Oct 10, 2017 04:59 AM
Rainmaker
1,066,099
Kat Palmiotti
Grand Lux Realty, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

If there are no readily available comps, figuring out what to use could be a bit tricky. Otherwise, it's not hard at all.

Oct 10, 2017 04:24 AM
Rainmaker
2,616,175
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Dennis Swartz nailed this one!

Oct 10, 2017 04:06 AM
Rainmaker
3,225,104
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

In a small neighborhood, finding comps.   In the spring when there are few sales, or if doing a CMA for a very unique home.

Oct 12, 2017 06:17 AM
Ambassador
3,099,033
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

picking the best comps

Oct 11, 2017 11:36 AM
Rainmaker
3,330,543
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Finding enough time

Oct 10, 2017 08:32 PM
Ambassador
3,364,075
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

They are not hard at all as long as there are plenty of like properties that have sold in the last few months.

Oct 10, 2017 07:44 PM
Rainmaker
1,395,712
Sandy Padula and Norm Padula, JD, GRI NMLS#1483386
Realty One Group - Carlsbad, CA
Presence, Persistence & Perseverance

They are second nature for us after doing them for decades

Oct 10, 2017 02:24 PM
Rainmaker
1,213,619
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

It depends how you do it, how much you customize it and its presentation/delivery  to your client.

Oct 10, 2017 02:00 PM
Rainmaker
457,365
Mike & Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

I remember the first time someone asked me to give them a value on their property, I have no clue how to begin.

I ended up bartering an appraisal class ( 6 weeks)  which has been the most valuable thing I have done.  I can size up a property in minutes and if I tell someone it is "overpriced", I am always spot on.

Eve

Oct 10, 2017 10:05 AM
Ambassador
1,849,034
Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 When no comps are available. 

Oct 10, 2017 09:14 AM
Rainmaker
3,946,445
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

in this tight sellers' market, it's making the phone ring with that request for a CMA!!! 

Oct 10, 2017 08:43 AM
Ambassador
1,233,434
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Interpreting the data.

Oct 10, 2017 08:13 AM
Ambassador
3,365,359
Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

It varies with the property and the market. Sometimes it's easy, and other times it's hard to find the comparables.

Oct 10, 2017 07:49 AM
Rainmaker
813,497
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

It can be as little as pressing enter on the keyboard at times.

Oct 10, 2017 06:58 AM