Profile picture for theking09

cma

Can somebody show me how to do a cma,i mean step by step.Thanks
  • June 25 2009 - Aiken
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Answers (5)

1. Analyze all of the homes currently for sale in your area. Find the median and average listing price. Calculate the average $/sq. ft in your subdivision.

2. Analyze all of the homes that sold in the last 6 months. And the last 180 days. And last year at the same time. Look closest to your house first. A few blocks. Then look at subdivision. Then zip code.

3. Analyze pending, contingent and expired listings. Figure out what is selling and why. Figure out what is not selling and why not.

4. Once you have determined the price and condition of each home sold, pending, contingent and on back up status, look at your own home. Make it like the ones which sold the fastest for the most amount of money. Do this by adjusting the condition, price and incentives to reflect those that have been successful in your area.
  • July 08 2009
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I really don't want to hurt your feelings.. however, what is a question to ask your BIC...

and if are the BIC...  that is scary.... 

A CMA....  is the most recent sales with in an area or "most like the property in question in a simular area" and current list just the same....

usually three of each.........

I would recommend that you befriend your self with an appraiser in that area in which you represent.....  as they could be VERY HELPFULL as to adjustments and advise as to comparable properties...
  • July 07 2009
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Profile picture for real estate mike
When will you be licensed? After license pay board dues and mls dues then take a cma class. That's how you do a c.m.a. If you own a house hire a local agent or pay for an appraisal. If you're buying you could hire a buyers agent or rely on tax values or zillow. good luck.
  • June 26 2009
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Profile picture for natewolf
Are you a Realtor? This is not easy to do without access to the local MLS.
  • June 26 2009
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call me and I will show you  8647875694
  • June 25 2009
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