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Rainmaker
389,670
Susie Kay
Ultima Real Estate - Plano, TX
North Dallas Specialist

When you have to do adjustments and no comparable comps.

Oct 15, 2019 03:18 PM
Rainmaker
3,431,599
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Knowledge can be difficult. 

Oct 15, 2019 03:58 PM
Rainmaker
714,579
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Finding suitable comps can be a challenge.

Oct 15, 2019 01:40 PM
Ambassador
3,449,493
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Finding comps for a unique property. Other than that, easy-peasy!

Oct 15, 2019 08:54 PM
Rainmaker
1,660,788
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Here in a rural state the hardest part is to find true comps Shannon Salzman .

Oct 15, 2019 07:10 PM
Rainmaker
620,069
Peter Mohylsky
PrimeSouth Properties - Santa Rosa Beach, FL
Let me help you find your path to the beach.

Hard work, experience and more hard work,  

Oct 15, 2019 03:05 PM
Rainmaker
746,020
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Knowing the market in order to do the adjustments properly.

Oct 15, 2019 01:57 PM
Rainmaker
575,195
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

When there aren't any good matches to use. 

Oct 15, 2019 01:38 PM
Rainmaker
3,218,511
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I've never found anything hard about doing a CMA. Sometimes it's a challenge to find the comps to actually perform a CMA.

Oct 16, 2019 03:26 AM
Rainmaker
451,219
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

There are no "hard parts". Time consuming sometimes, but not hard.  The hard part  is when you have to drag a Seller out of Disneyland to focus and accept the reality of the facts.

Oct 15, 2019 06:05 PM
Ambassador
1,666,660
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Helping you find your way home.

It's usually the A.  Definitely the A.

Oct 15, 2019 03:54 PM
Rainmaker
3,370,976
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Knowing the comps well enough to make sound judgments!

Oct 15, 2019 02:46 PM
Ambassador
1,656,851
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Garbage in is garbage out.

Oct 15, 2019 01:59 PM
Rainmaker
2,827,766
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I've never considered doing a CMA "hard".

I wish you all the best with your real estate studies.

Oct 16, 2019 07:55 AM
Rainmaker
794,050
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

CMA's are not hard. You do need to put in some thought time when good comps are scarce. 

Oct 16, 2019 06:27 AM
Rainmaker
3,130,175
Richard Weeks
Dallas, TX
REALTOR®, Broker

Finding good comps and making good adjustments to those comps.

Oct 16, 2019 04:06 AM
Ambassador
4,377,273
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Finding and balancing the right comps.

Oct 15, 2019 07:47 PM
Rainmaker
5,511,678
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Finding the comps and getting paid for your efforts.

Oct 15, 2019 03:07 PM
Rainmaker
1,265,322
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

See below

Oct 15, 2019 02:41 PM
Rainmaker
4,580,196
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Shannon,

The only time it is hard, is when it is a unique property and no comps.

Oct 15, 2019 02:10 PM
Rainmaker
429,389
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

In our area, the hardest part is finding comps. Subdivisions are a very small percentage of our market. Rarely do we get homes of similar size, features, age and location.

Oct 16, 2019 06:40 AM
Rainmaker
781,828
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

1. Knowing how to spell it.

2. Assessing the expectation and capability of the seller. Drowning them in pages and pages of a system generated CMA can be counterproductive. Because you can does not mean you should.

3. Understand the PURPOSE. 

HINT: They have access to the same 'value' tools you have. They have a number and you need to know what that number is. Then the hard part comes down to the "I've got good new/bad news" communication skills.

If you really can't come up with a number, seek help from an experienced agent or broker.

Oct 16, 2019 05:58 AM
Rainmaker
3,054,345
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I work for a number of banks doing them daily. on average i do 2 a day. The challenge is finding comps, but then when you find them, the biggest challenge is knowing what to add or deduct for the differences.

Oct 16, 2019 05:14 AM
Rainmaker
1,847,424
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Arriving at a correct Range of Value

Oct 16, 2019 04:01 AM
Rainmaker
458,478
Tom Bailey
Margaret Rudd & Associates Inc. - Oak Island, NC

Don't use comps per se! I use absorption rate pricing!

Oct 15, 2019 10:38 PM
Rainmaker
2,486,307
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

With experience all becomes e-z-peasy however start-up is dicey

Oct 15, 2019 02:05 PM
Rainmaker
242,261
Joseph Domino 480-390-6011
HomeSmart - Scottsdale, AZ
Real Estate Made Easy

Convincing the appraiser that your CMA is correct.

Oct 16, 2019 08:53 AM
Rainmaker
1,560,591
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Finding comparables in a strong sellers' market

Oct 16, 2019 08:10 AM
Rainmaker
942,598
Thomas J. Nelson, Realtor e-Pro, CRS, RCS-D, Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Nothing hard about them except if you have low inventory for comparables.

Oct 16, 2019 08:07 AM
Rainer
480,077
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

Making adjustments or doing a unique property.

Oct 16, 2019 07:26 AM
Rainmaker
1,036,474
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

No comps exist. Some one has to search in another county 100 miles away.

Example is an estate near San Francisco, the assessor office determined an equivalent comp is Herst Castle and reduced the SF property tax by-20%. Distance involved is 400 miles.

Oct 16, 2019 07:09 AM
Rainmaker
1,265,028
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

No idea. Really.

Oct 16, 2019 10:29 AM
Rainmaker
3,247,004
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Doing one out in the country

Oct 16, 2019 09:16 AM
Rainmaker
4,162,676
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Finding comps

Oct 25, 2019 11:24 AM
Ambassador
2,241,880
Wanda Kubat-Nerdin - Wanda Can!
Prado Real Estate South - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

If you need help, go to your Board. They should offer classes!

Oct 17, 2019 07:17 AM
Rainmaker
5,126,186
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

the toughest part in this market is making the phone ring with the request.... just getting in the house is the most difficult in this seller's market.... 

Oct 16, 2019 01:50 PM
Rainmaker
1,704,803
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Great answers. Nothing to add.

Oct 16, 2019 12:34 PM