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Rainer
509,499
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

When you have to do adjustments and no comparable comps.

Oct 15, 2019 03:18 PM
Rainmaker
5,060,524
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Knowledge can be difficult. 

Oct 15, 2019 03:58 PM
Rainmaker
1,702,383
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
6,083,466
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

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

Oct 15, 2019 08:54 PM
Rainmaker
2,862,039
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

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

Oct 15, 2019 07:10 PM
Rainmaker
1,511,026
Peter Mohylsky, Broker
Property Management Inc.-Destin - Sandestin, FL
Call me at 850-517-7098

Hard work, experience and more hard work,  

Oct 15, 2019 03:05 PM
Rainmaker
967,206
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
824,164
Peter Testa
Kiwi Homes - Danbury, CT
Call me for all your Connecticut Real Estate needs

When there aren't any good matches to use. 

Oct 15, 2019 01:38 PM
Rainmaker
5,974,492
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

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
708,274
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
2,195,093
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home again, home again...

It's usually the A.  Definitely the A.

Oct 15, 2019 03:54 PM
Rainmaker
6,133,004
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Knowing the comps well enough to make sound judgments!

Oct 15, 2019 02:46 PM
Rainmaker
1,714,632
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
Ambassador
3,629,242
Kathleen Daniels, Probate & Trust Real Estate Svcs.
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

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
1,396,737
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, 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
5,278,226
Richard Weeks
Dallas, TX
REALTOR®, Broker

Finding good comps and making good adjustments to those comps.

Oct 16, 2019 04:06 AM
Ambassador
7,380,862
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Finding and balancing the right comps.

Oct 15, 2019 07:47 PM
Rainmaker
8,864,585
Roy Kelley
Retired - Gaithersburg, MD

Finding the comps and getting paid for your efforts.

Oct 15, 2019 03:07 PM
Rainmaker
1,607,215
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
5,775,569
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
469,675
Dan & Laurie Pittsenbarger Team
Keller Williams Western Realty - Bellingham, WA
Lakeside & Coastal Single Family Homes

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
921,504
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
3,418,088
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
2,302,638
Michael J. Perry
Fathom Realty - Lancaster, PA
Lancaster, PA Relo Specialist

Arriving at a correct Range of Value

Oct 16, 2019 04:01 AM
Rainmaker
713,380
Tom Bailey
Berkshire Hathaway Home Services Carolina Premier Properties - Oak Island, NC

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

Oct 15, 2019 10:38 PM
Rainmaker
3,046,470
Richie & You
pearlsforthesoul.com - Cedar City, UT
Author & Consultant

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

Oct 15, 2019 02:05 PM
Rainmaker
561,230
Joseph Domino 480-390-6011
Inactive - Scottsdale, AZ
The Art of Storytelling

Convincing the appraiser that your CMA is correct.

Oct 16, 2019 08:53 AM
Rainmaker
1,810,793
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Finding comparables in a strong sellers' market

Oct 16, 2019 08:10 AM
Rainmaker
1,762,913
Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, CFSP
Big Block LPT Realty 858.232.8722 - San Diego, CA
Coastal San Diego, Veteran's & Retirees Services

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

Oct 16, 2019 08:07 AM
Rainmaker
537,043
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
1,317,295
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
1,598,702
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
5,727,723
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
Rainer
492,590
Adam Feinberg
Howard Hanna Elegran - Manhattan, NY
NYC Condo, Co-op, and Townhouse Advisor

Finding true comps or at least reasonable ones that can adjusted accordingly is the toughest part of a CMA. The variables of adjustments will vary widely depending on the market.

Apr 27, 2021 08:54 PM
Rainmaker
6,560,714
Joan Cox, Retired Broker/Owner
Denver, CO
Enjoying Every Day to Its Fullest!

Finding comps

Oct 25, 2019 11:24 AM
Ambassador
3,536,009
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
Southern Utah's Preferred Real Estate Agent.

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

Oct 17, 2019 07:17 AM
Rainmaker
5,590,899
Barbara Todaro
Keller Williams Elite - Franklin, MA
"connecting land with builders"

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
2,071,647
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

Great answers. Nothing to add.

Oct 16, 2019 12:34 PM
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