Anonymous

Spam prevention
Rainmaker
3,040,525
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

No.  Write your offer based on a CMA you have created.

Dec 06, 2018 02:12 PM
Rainmaker
623,471
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Make your offer based on data you gather. Or hire a buyer's broker to represent and advise you

Dec 06, 2018 03:36 PM
Rainmaker
2,706,197
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Do your own CMA's. Why would you ask someone else for their's? You can always ask, but they don't need to pass it over.

Dec 06, 2018 03:06 PM
Ambassador
1,571,194
Alan May
Coldwell Banker Residential - Evanston, IL
Helping you find your way home.

You're certainly welcome to ask... I don't know that it'd be considered unprofessional.  But a market analysis prepared by the listing agent isn't really going to serve your purpose.  It was prepared for the seller.

Your needs would be better served to research your own analysis to determine whether, or not, the home is well-priced.

Dec 06, 2018 02:23 PM
Rainmaker
698,600
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

Please work closely with your broker or mentor to avoid ANY potential newbie problem.

Dec 06, 2018 03:41 PM
Rainmaker
4,945,093
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Do your own CMA for your prospective purchaser.

Dec 06, 2018 03:27 PM
Rainmaker
2,925,105
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Create your own for accuracy. Get your broker to help!

Dec 06, 2018 02:18 PM
Rainmaker
914,848
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Suggest you get your broker to help you learn doing your CMA.

Dec 06, 2018 02:15 PM
Rainmaker
1,153,415
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

No, this is not a practice done in my neck of the woods.  Best off to do your own CMA, as anything the listing agent would have done would only be good for that point in time.

Dec 06, 2018 04:33 PM
Rainmaker
1,412,046
Bob "RealMan" Timm
Tivoli Custom Homes - Minot, ND
Bob Timm, Project Coordinator for Tivoli Homes

Why don't you do your own CMA?

Dec 06, 2018 03:54 PM
Rainmaker
1,137,035
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

If you are a licensed agent and have access to the MLS, you can and should do your own CMA on the property.  You don't want to use data that isn't the most current info, and based on what another agent used to establish a listing price for the seller. 

As an agent, when YOU represent a buyer, you are not going to ask the listing agent for their info.  You are going to be expected to advise your buyer based on your knowledge.  Give yourself the same benefit of unbiased information.  It's not so much unprofessional as irresponsible. If you are unqualified at this point in your career to do so, ask for help from your broker or another trusted colleague.

Dec 06, 2018 07:06 PM
Ambassador
2,085,237
Wanda Kubat-Nerdin - Wanda Can!
Prado Real Estate South - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Rely on the listing agent's information? I say NO. Do your own CMA! How else will you find out if you are buying a home that is of market value?

Dec 06, 2018 06:10 PM
Rainmaker
587,503
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

If I understand your question, you want to ask an agent who is already working for the seller to provide you with the information that he prepared for the seller in order to assist in pricing the home.

Why would an agent provide you with this information?

Are you planning to use that agent to represent you in the purchase of the home?

If not...you need to re-think your strategy and determine for your own sake and on your own what you should be or are willing to offer for the home.

Dec 06, 2018 05:43 PM
Rainmaker
1,289,231
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Base your offer on the CMA you do - the listing agent might not even have DONE a CMA. Maybe she/he listed at the price the seller wanted. You never know. Just do your own analysis, figure out what a good market price is, and offer based on that.

Good luck.

Dec 06, 2018 04:44 PM
Ambassador
3,775,520
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

No, you should do your own due diligence. Or work with a Buyer's Agent to represent you through the process.

Dec 06, 2018 04:00 PM
Ambassador
2,275,935
Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

   It is unprofessional.   Go to NAR RPR, or search your MLS for comps.

Dec 06, 2018 02:48 PM
Rainmaker
4,589,233
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

it certainly would NOT be to the sellers advantage to hand over a cma to the buyer or buyer's agent.... and the ethical model is to do whatever is in your client's best interest.... 

as a listing agent, I would tell you to do your own CMA.... a buyer's agent should be doing a CMA for his/her buyer...not asking for the listing agent's work...that's between him/her and the homeowner.... 

 

Dec 06, 2018 02:36 PM
Rainmaker
2,688,731
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Run your own comps ... do your own CMA. If you do not yet have the skills or resources to do that, then hire someone to help you. 

Dec 06, 2018 07:23 PM
Ambassador
3,717,027
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

I have my buyers agents do the cma for their buyers every time, easy to do on RPR.

Dec 06, 2018 06:25 PM
Rainmaker
2,351,665
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

If you never ask you will never know. Don't think...DO!

Dec 06, 2018 02:24 PM
Ambassador
2,880,836
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

You can ask but, you should do your own. If you're unfamiliar with the practice of putting together a CMA, have your broker or mentor assist you.

Good luck!

Dec 06, 2018 08:48 PM
Rainmaker
2,538,521
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Many good suggestions.

Dec 06, 2018 06:34 PM
Rainmaker
725,177
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

I wouldn't personally ask for their CMA. I'd do my own. -Kasey

Dec 06, 2018 06:09 PM
Ambassador
1,504,470
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I would work with someone in your office or your broker.

Dec 06, 2018 05:58 PM
Rainmaker
4,033,848
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Great advice by everyone here.  Follow what makes most sense to you.  A

Dec 06, 2018 04:16 PM
Rainmaker
652,086
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Why rely on someone else's work when you can generate it yourself. You might be surprised

Dec 07, 2018 05:44 AM
Rainmaker
763,997
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality

It doesn't hurt to ask I typically do when I represent buyers in Northern VA market but I can't speak for what others do.

Its best to also do your own comprehensive analysis as well

 

Dec 06, 2018 07:47 PM
Rainmaker
2,670,250
Richard Weeks
Dallas, TX
REALTOR®, Broker

Maybe is an appraisal comes in low and you would like some additional information to present to the appraiser.

Dec 07, 2018 03:39 AM
Rainmaker
4,301,431
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Dec 07, 2018 02:59 AM
Rainmaker
796,128
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Do your own CMA and have your broker help you. 

Dec 07, 2018 07:11 AM
Rainmaker
362,006
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

If the property is overpriced then definitely ask the listing agent for their comps. This a great negotiating tool. If you can show the listing agent where they made a mistake then you are one step closer to convincing the seller that they are overpriced.

Dec 07, 2018 05:06 AM
Rainmaker
2,815,214
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Most will not give you and those that do, do you really want someone elses who is looking to get the highest price for the home? Do you own and base your offer on that

Dec 07, 2018 04:58 AM
Rainmaker
460,553
Maria Sapio
Berkshire Hathaway Homesale Realty - Carlisle, PA
Real Estate Agent- Carlisle, PA. Mariasapio.com

It's always best to do your own research and prepare your own CMA.

Dec 07, 2018 04:39 AM
Rainmaker
566,097
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

You should be doing your own CMA... and getting mentor if you're not sure how.  

Dec 07, 2018 04:36 AM
Rainmaker
962,316
Joyce Marsh, Daytona Beach Florida Real Estate
Joyce Marsh Real Estate - Daytona Beach, FL
Daytona Beach Area Coastal Homes and Lifestyles

Do your own CMA and research. 

Dec 07, 2018 04:28 AM
Rainmaker
965,586
Corinne Guest
Barrington Realty Company - Barrington, IL
Barrington Home Buyer Advocate

That's being lazy. Do your own work, hire an experienced agent instead.

Dec 07, 2018 08:32 AM
Rainer
100,096
Christine Kankowski North SD and Temecula
House Match Inc - Poway, CA
Excellent Sales and Property Management

If you are going to be representing yourself you need to do the work on your won behalf.

Listing agent represents the seller, not you, so it would not be in their interest to give that oer to you when you have access to the info yourself. 

Dec 07, 2018 08:16 AM
Rainmaker
1,448,245
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

lol, it is your job to do that. I am shaking my head here. Yes it's unprofessional.

Dec 07, 2018 08:13 AM
Rainmaker
4,617,370
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I would not trust the listing agent's CMA.  You should do your own.

Dec 07, 2018 07:55 AM
Rainmaker
698,209
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Of course you can ask.

However, the listing agent generally reserves that information for 'serious' buyers or to demonstrate to nearby homeowners their advocacy for their property values.

Such CMA information DOES establish a baseline and gives you a positional data set from which to begin negotiations.  I have no problem sharing such data with agents who ask. Often, such data is included in the homes data packet.

Now be aware, you MUST prepare your own property evaluation. Comparing the data sets allows you to know if the agent or the seller set the list price. For you, this is important regarding how you help the listing agent by the manner in which you present your offer.

Contrary to popular comment it would be UNPROFESSIONAL to deny yourself all the available data and mindset.

Now, with this information, if you choose to submit a well below list price you can establish the reasoning for such an offer. Take great care when crafting this argument because many agents will share your correspondence directly with the seller. Knowing this you can be more successful in controlling the narrative surrounding your offer.

Best of success,
Annette

Dec 07, 2018 07:20 AM
Rainmaker
698,821
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Best to come to your own conclusion based on your own research. Plus, the timing of the original CMA might be different as the market might have shifted since it was done. Having said that, it can't hurt to ask the LA as to how he/she arrived at the price.

Dec 07, 2018 06:34 AM
Rainmaker
2,839,374
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

That would be a first I think!

 

Dec 09, 2018 11:19 AM
Ambassador
2,805,921
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

If you are needing the listing agent's CMA you are not ready to be assisting buyers in writing an offer. DO YOUR OWN CMA.  And yes I've had buyer's agents ask, it indicates they really don't know what they are doing.

Dec 08, 2018 03:24 PM
Rainmaker
3,043,229
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Candice A. Donofrio nailed this one!

Dec 08, 2018 07:38 AM
Rainmaker
1,327,208
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

No idea.

Dec 07, 2018 12:26 PM
Rainmaker
909,253
Valeria Mola
SIB REALTY - Sunny Isles Beach, FL
305-607-0709 SIB Realty

-------------------------

Dec 07, 2018 11:45 AM