How to do a CMA
Video Walkthrough
if you do not want to read here’s a video walkthrough
Realist
Look on Realist at the property details of your specific property: pay attention to square footage, acreage, age
Search
On MLS do a residential search (at the top set search for within 1 mile of the property)
Click Status
Active, coming soon, due diligence period, pending AB, pending, closed 0-180 days
Results
if you do not get enough results, increase your distance from 1 mile to 2…until you have a good amount of results.
Choose properties to compare
looking at square footage, age, condition, location. (for more detailed results look at bedrooms, bathrooms,)
CTA
Once you have properties you want clicked, click on Quick CMA at the bottom
- Realist : Look on Realist at the property details of your specific property: pay attention to square footage, acreage, age
- Search : On MLS do a residential search (at the top set search for within 1 mile of the property)
- Click Status : active, coming soon, due diligence period, pending AB, pending, closed 0-180 days
- Results : if you do not get enough results, increase your distance from 1 mile to 2…until you have a good amount of results.
- Choose properties to compare : looking at square footage, age, condition, location. (for more detailed results look at bedrooms, bathrooms,)
- CTA : Once you have properties you want clicked, click on Quick CMA at the bottom
Use the quick CMA report to find the average price per square foot to get a price range for your specific property.
For properties that are atypical (rural, lots of acreage,
Put in additional criteria such as:
- year built
- square footage range
If you cannot find comps for your property
- Take out things such as acreage and find a comp and then add/subtract it back in (if comp is superior=subtract, if comp is inferior=add)
- Go back and change your criteria (adjust age range, acreage, etc.)
**Do not use new construction for comps unless the property is fairly new and there are other existing comps available.
If you have a lot of comps: look at more specific details to find the best ones: square footage, age, beds, baths, garage, etc.
**Doing a CMA for a potential listing: Give price per square footage (have a range in mind before seeing the condition of the home)
If you have a lot of comps: look at more specific details to find the best ones: square footage, age, beds, baths, garage, etc.
**Doing a CMA for a potential listing: Give price per square footage (have a range in mind before seeing the condition of the home)
Use the quick CMA report to find the average price per square foot to get a price range for your specific property.
For properties that are atypical (rural, lots of acreage,
Put in additional criteria such as:
- year built
- square footage range
If you cannot find comps for your property
- Take out things such as acreage and find a comp and then add/subtract it back in (if comp is superior=subtract, if comp is inferior=add)
- Go back and change your criteria (adjust age range, acreage, etc.)
**Do not use new construction for comps unless the property is fairly new and there are other existing comps available.
If you have a lot of comps: look at more specific details to find the best ones: square footage, age, beds, baths, garage, etc.
**Doing a CMA for a potential listing: Give price per square footage (have a range in mind before seeing the condition of the home)
If you have a lot of comps: look at more specific details to find the best ones: square footage, age, beds, baths, garage, etc.
**Doing a CMA for a potential listing: Give price per square footage (have a range in mind before seeing the condition of the home)