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Rainmaker
5,571,923
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

presenting a Market Analyisis is not difficult.....

making the phone ring by the potential seller to request the CMA is the most difficult and the most important part...

Jun 18, 2016 03:16 AM
Rainmaker
1,519,141
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Adjustments if you do not have identical property sold recently( and you rarely have).

Jun 18, 2016 06:16 PM
Ambassador
4,312,759
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Minnette Olsen - that sellers still want the higher list price....

Jun 18, 2016 04:19 PM
Ambassador
3,722,444
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Doing the comps.  You need to know the territory.

Jun 18, 2016 03:00 PM
Rainmaker
1,991,358
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

finding comps for unique properties

Jun 18, 2016 01:26 PM
Rainmaker
1,387,323
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I don't find them hard at all, unless they are on custom homes.  For tract homes there are almost always model matches and similar sized homes out there to create a value range.  Depending on how the subject house is condition-wise, you then place it in the range.

Jun 18, 2016 07:09 AM
Rainmaker
797,107
Liz Wallace
Century 21 Sherlock Homes - Rockville Centre, NY
Broker C21 Sherlock Homes, Rockville Centre, LI, N

Back in the day a CMA took days, now  with the Internet it's so much quicker.  I'm with Barbara Todaro just making the phone ring.

Jun 18, 2016 04:19 AM
Rainer
230,924
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

making the non scientific adjustments

Jun 18, 2016 03:10 AM
Ambassador
3,056,521
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Making adjustments ... and factoring in where the market is trending.  

Jun 18, 2016 03:05 AM
Rainmaker
2,641,802
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Deciding to Do the CMA...once the decision is made, it all kicks in

Jun 18, 2016 01:38 AM
Rainer
133,540
Larry Riggs
Century 21 Redwood - Frederick, MD
GRI, SRS Your Frederick County Specialist

Actually I'm teaching a seminar tonight on this very subject. I think a big temptation is to use online programs to determine value. I had an instance where I tried using RPR on a 500K+ property. The value that program came up with was about 60K lower than the final selling price. I still use a program to generate boilerplate pages but I do my own numbers. I agree with previous comments that it's finding the RIGHT comps. You have to know you market. I'm listing a townhouse in a PUD where there are many different styles and which street you're on can also make a difference. I tell new agents to pick an active listing. Do a CMA on it and then when it sells see how close your CMA was to actual closed price. One other thing to note is the difference between an appraised value and how marketable a home is based on condition, decorating, curb appeal etc. 

Jan 17, 2018 05:22 AM
Rainmaker
4,043,910
Richard Weeks
Dallas, TX
REALTOR®, Broker

Adjustments to the comps.

Jun 21, 2016 11:54 PM
Rainmaker
4,014,174
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

In a slow market finding enough comps.

Jun 18, 2016 11:38 PM
Rainmaker
6,607,678
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Identifying the comps.

Jun 18, 2016 10:44 PM
Ambassador
3,039,230
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Having a very unique subject where comps are not available.

Jun 18, 2016 01:46 PM
Ambassador
1,771,430
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

When you can't find comps for an unusual house.

Jun 18, 2016 12:28 PM
Ambassador
2,570,942
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

## Getting the Seller to accept it ##

Jun 18, 2016 11:57 AM
Ambassador
5,409,570
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Finding comps for unique properties.

Jun 18, 2016 11:54 AM
Rainmaker
3,331,523
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

A mix of finding the right comps and making the correct adjustments for those who differ

Jun 18, 2016 11:07 AM
Ambassador
1,616,354
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

The hardest part for me when there are no recent sales. Then, we have to search outside the scope.

Jun 18, 2016 08:36 AM
Rainmaker
4,799,501
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Finding the right comps and accurate information.

Jun 18, 2016 07:55 AM
Rainmaker
1,459,527
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Minnette Olsen Taking your time finding viable comps and preparing the final report. Additionally, making the proper adjustment to make the comps look like the subject property.

Jun 18, 2016 04:10 AM
Rainmaker
4,189,787
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Finding the most suitable properties to use as comparable sales!

Jun 18, 2016 02:54 AM
Ambassador
3,313,163
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Figuring out the actual value difference between the subject and the comparables.    

Jun 18, 2016 02:46 AM
Ambassador
4,579,842
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Sometimes it's finding the best comparables for the subject property in the nearby area

Jun 18, 2016 02:19 AM
Rainmaker
1,153,825
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

The lack of local knowledge and lack of recent data.  I get asked by lenders often on some isolated pockets where they want recent comps from identical units and same floor plans with no transactions last few years but will not accept recent sold data in the same area. 

Jun 18, 2016 01:56 AM
Rainmaker
4,099,880
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

The lack of actual comparable properties due to low/no sales which is a result of the lack of inventory.  You will need to expand your search boundaries and criteria.  

Jun 18, 2016 01:21 AM