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- Pasadenan
- Contributions:21458
"In our MLS we call it RDR-Realtors don't read!" -
I used to post that it was called "Not About to Read", but for some odd reason, the agents that do read thought I was referring to them, and the ones that don't read, don't bother to read any of the responses to their comments, so it didn't do any good to point out that they hadn't bothered to read the full question, nor any of the answers already provided!
Bandwagon? I am so "tempted" to send Rhonda a request for 3000 CMA's... she did post she would do one for anyone anytime... Midnight, 12:05 AM, 12:15 AM, 12:30 AM, 1:00 AM .... I'm surprised she has any time to get any real work done. Maybe it has something to do with the "quality" of the CMA's she provides? Maybe it is like those Realtor's keep posting... "you get what you pay for", meaning her CMA's are worth "nothing" because they are worse at estimating the present market value than a Zestimate?
I used to post that it was called "Not About to Read", but for some odd reason, the agents that do read thought I was referring to them, and the ones that don't read, don't bother to read any of the responses to their comments, so it didn't do any good to point out that they hadn't bothered to read the full question, nor any of the answers already provided!
Bandwagon? I am so "tempted" to send Rhonda a request for 3000 CMA's... she did post she would do one for anyone anytime... Midnight, 12:05 AM, 12:15 AM, 12:30 AM, 1:00 AM .... I'm surprised she has any time to get any real work done. Maybe it has something to do with the "quality" of the CMA's she provides? Maybe it is like those Realtor's keep posting... "you get what you pay for", meaning her CMA's are worth "nothing" because they are worse at estimating the present market value than a Zestimate?
- hpvanc
- Contributions:2579
Maybe the Realtors® should pay Jaye2u a royalty of 2¢ everytime a Realtor® advertises that CMA's should be free, complimentary or gratis on this thread. Take a look at Jaye2u's other post, they underwater on their house, getting divorced and as of this post 6 months ago, filing for bankruptcy.
- Tug of War
- Contributions:1968
$12.38
- blub blub blub
- Contributions:145
Its not that some didn't notice the date. They also asked or assumed what the CMA is for. I believe the poster stated they were about to go through a bankruptcy. Pretty clear what their intentions are. Way to pay attention to details.
- Jim Mellen, "Jim Mellen"
- Contributions:2
Michael, that's called agents jumping on the bandwagon. In our MLS we call it RDR-Realtors don't read!
- Michael Emery, "MikeEmery"
- Contributions:7298
Jay gave up on this question 162 answers back.
This question was posted October 2011.
Trust not an agent with the inability to read.
This question was posted October 2011.
Trust not an agent with the inability to read.
- kathy dispenza, "user174096"
- Contributions:1
Jay, a CMA is complimentary, give me a call and I will be glad to help you.
- Troy Reeves, "TroyReeves"
- Contributions:3
It depends on what your CMA is for. Are you refinancing? is it a Sale? A good agent will ask questions before processing a CMA. What are your goals once you receive your CMA.
You can get more information here [hotlink deleted by Zillow moderator. Please see our Good Neighbor Policy]
You can get more information here [hotlink deleted by Zillow moderator. Please see our Good Neighbor Policy]
- Rhonda Aflakian, "Rhonda theRealtor"
- Contributions:170
Nothing, CMA's should be complimentary. I can give you a complimentary CAM anytime!
- Pasadenan
- Contributions:21458
I really like Josh Barnett's answer, as he seems to understand the depth of the issue a bit better; but he still doesn't directly address the bankruptcy issue.
And he also doesn't indicate how many CMA's a "buyer" should expect when "shopping". Is it too much to ask a buyer's agent for 3000 CMA's in one month to assist with the "buying" process? Shouldn't someone shopping for a home be willing to pay for the CMA's beyond the first 3? Especially if shopping for homes in the $55k range? Or do buyers' agents really have so much extra time on their hands that they "love" doing 5000 or more CMA's every month?
What possible benefit can it be for a buyer's agent to be doing hundreds or thousands of CMA's for "free" for just one or two clients?
And he also doesn't indicate how many CMA's a "buyer" should expect when "shopping". Is it too much to ask a buyer's agent for 3000 CMA's in one month to assist with the "buying" process? Shouldn't someone shopping for a home be willing to pay for the CMA's beyond the first 3? Especially if shopping for homes in the $55k range? Or do buyers' agents really have so much extra time on their hands that they "love" doing 5000 or more CMA's every month?
What possible benefit can it be for a buyer's agent to be doing hundreds or thousands of CMA's for "free" for just one or two clients?
- hpvanc
- Contributions:2579
Since the original poster needs it for a bankruptcy, maybe they should be charging the Realtors® for the privilege of providing them with a CMA.
After all the OP is providing the Realtors® with a valuable contact, and needs the money to repay their debts. Charging the Realtors® for the contact seems like a win win situation for all parties including the OP's creditors.
After all the OP is providing the Realtors® with a valuable contact, and needs the money to repay their debts. Charging the Realtors® for the contact seems like a win win situation for all parties including the OP's creditors.
- Carlos A. Melendez, "CarlosAMelendez"
- Contributions:7
If you are looking to list your home for sale, Most good Real Estate Professionals will provide you with a CMA at no cost!
- Jimmy Opyt, "Jimmy Opyt"
- Contributions:25
CMA should be done by any Realtor that you are interviewing to list your home. There are Realtors that charge about $75, but usually are being hired by lenders to do CMA.
- John Berrini, "John Berrini"
- Contributions:12
If you plan to list your home, your CMA should be provided at no cost. You can also get more than one. Use this time to interview and get to know your real estate agents.
- James Belanger, "Jim Belanger Team"
- Contributions:6
Are you considering selling your home? If you are you need a local [promotion deleted by Zillow moderator] agent like me to come and talk with you about your real estate needs. I would not charge you for a CMA!
- Kim Donovan, "kim.donovan"
- Contributions:3
Most Realtors will provide you with one at no charge if you plan to list your home. Good Luck.
- Josh Barnett, "JoshBarnettREIB"
- Contributions:376
It depends on what you are needing the CMA for, i.e. 1) for your personal home that you are getting ready to list w/ a Realtor, 2) for a court action such as a divorce or 3) because you need to know what to price your home at because you are going to try to do a FSBO listing.
Answer to reason 1) Free, it will provide both the Realtor and you time to interview each other and see if you both have realistic expectations when it comes to selling a home and if you both will be able to fulfill each other's needs.
Answer to reason 2) $150 dollars and it better be a tight CMA, not leaning to either side of the divorce. If it does not follow the market, the judge will dismiss it and you more than likely will need an appraisal and not a CMA.
Answer to reason 3) $99.99 and fully reimbursable, at closing, if the FSBO decides to list with the agent within 30 days after the CMA is delivered.
Hope this helps,
Josh Barnett, Realtor
Answer to reason 1) Free, it will provide both the Realtor and you time to interview each other and see if you both have realistic expectations when it comes to selling a home and if you both will be able to fulfill each other's needs.
Answer to reason 2) $150 dollars and it better be a tight CMA, not leaning to either side of the divorce. If it does not follow the market, the judge will dismiss it and you more than likely will need an appraisal and not a CMA.
Answer to reason 3) $99.99 and fully reimbursable, at closing, if the FSBO decides to list with the agent within 30 days after the CMA is delivered.
Hope this helps,
Josh Barnett, Realtor
- Jim Trueblood, "JimTrueblood"
- Contributions:71
Nothing...
- Kyle Ngo, "KyleNgo"
- Contributions:13
Most agents will provide you with a CMA for FREE.
It's our job to provide potential clients with valuable info that can help them make a decision.
In doing so, the agent will look to earn your business. =)
Let me know if I can support you with that.
It's our job to provide potential clients with valuable info that can help them make a decision.
In doing so, the agent will look to earn your business. =)
Let me know if I can support you with that.
- Ellen McCullough CRS GRI, "Ellen McCullough"
- Contributions:9
Any agent should be happy to do a CMA for you because you may become a buyer again after the bankruptcy. Quality service should be an agent's top priority. No fee should be involved.
- Cindy Quinton, "Cindy Quinton"
- Contributions:1322
Bumping a thread to call it old, always makes me think of that time this kid laughed at another kid for falling on the playground...laughed so hard she wet her pants....classic playground faux pas.
- Rita A. Walker, "Rita Walker"
- Contributions:277
Since this question was posed on October 19, 2011, I think they may have filed by now. Check the dates on the questions.
- David Walsh, "Team Lake Lure"
- Contributions:39
I concur with Jo Okey and the rest that you should never ever pay for a CMA. You should be able to get several agents to do one for you at no charge. Good brokers know that word of mouth is the best form of advertising and if they perform a CMA for you even though you are entering bankruptcy, it can only help them with goodwill in the community. Good Luck!
- Jo O'Key, "Jo Okey"
- Contributions:2
Never pay for a CMA. We do it for free. For sellers packages, for buyers, for particular properties and We'll do you QR codes flyers also.
MLS has just combined with Cloud CMA, so your realtor should be sending you the best darn CMA reports you can imagine. If not. Call me!
Have a great weekend, the weather is to be in the 70's which makes for some perfect Open House weather my friends.
Jo
MLS has just combined with Cloud CMA, so your realtor should be sending you the best darn CMA reports you can imagine. If not. Call me!
Have a great weekend, the weather is to be in the 70's which makes for some perfect Open House weather my friends.
Jo
- blub blub blub
- Contributions:145
A few agents will be very accurate with CMA's. The majority, well "you get what you pay for."
Still far better than a Zestimate.
Oh wait...Zestimates are wonderful and soooooooooooooooooooooo much better than a human factoring in amenites, condition, location, upgrades, defects, area statistics, trends, expectations, buyers wants and needs, demand etc.
Sure, I would much rather have the computer generated results based on area sales that do not have the capabilites of factoring in these items, but rather spits out a calculated number, which is basically an average, and then attaches it to a house.
Yes I know, REA's inflate the numbers and cherry pick the listings to use as comps when pricing houses. That must be because they enjoy sitting on over priced listings that don't sell because they are so far off on the value of what the house should really be priced at to sell in todays market. Really smart business sense on their part isn't it.
Yea Hoo Rah Zestimates.... Boo Hiss REA's. It's so clearly obvious that so many regular posters on here are anti REA's (go ahead, I'll wait while you all deny it). Why do so many so called non Zillow employees take such issue with those that have something negative to say about Zestimates and those that look for answers from REA's? Just curious
Still far better than a Zestimate.
Oh wait...Zestimates are wonderful and soooooooooooooooooooooo much better than a human factoring in amenites, condition, location, upgrades, defects, area statistics, trends, expectations, buyers wants and needs, demand etc.
Sure, I would much rather have the computer generated results based on area sales that do not have the capabilites of factoring in these items, but rather spits out a calculated number, which is basically an average, and then attaches it to a house.
Yes I know, REA's inflate the numbers and cherry pick the listings to use as comps when pricing houses. That must be because they enjoy sitting on over priced listings that don't sell because they are so far off on the value of what the house should really be priced at to sell in todays market. Really smart business sense on their part isn't it.
Yea Hoo Rah Zestimates.... Boo Hiss REA's. It's so clearly obvious that so many regular posters on here are anti REA's (go ahead, I'll wait while you all deny it). Why do so many so called non Zillow employees take such issue with those that have something negative to say about Zestimates and those that look for answers from REA's? Just curious
- Tug of War
- Contributions:1968
For Realtor/Agents CMA's are one of the Major Lead Generation Tools
That's why Realtors/Agents are lining up to post the same thing over and over and over to post on a Oct.2011 Question asked by someone long gone
This is just the Zillow CMA Spam Thread
- Marty Plummer, "Mart6130"
- Contributions:13
You should pay nothing. As Realtors/Agents this is our job. Be sure to choose an Agent that knows your area really well.
- Jim Dawson
- Contributions:12
Yes most of these answers are correct any agent worth his or her salt will provide a free CMA it's their job
Best Regards Jim
Best Regards Jim
- hpvanc
- Contributions:2579
When it comes to CMA's you typically "you get what you pay for."
Be sure to ask the agents to share the statistics on the accuracy of their initial CMA's. A few agents will be very accurate with CMA's. The majority, well "you get what you pay for."
Be sure to ask the agents to share the statistics on the accuracy of their initial CMA's. A few agents will be very accurate with CMA's. The majority, well "you get what you pay for."
- Noune Karapetian, "NouneKarapetian"
- Contributions:1
We do it for free. The CMA gives you a good idea about how much you can put the house on market for. Some sellers have extremely high expectations and don't see the reality of the market place at that moment.
How much should I pay for a CMA?
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